2018 | ISSUE 1

THE TAX CUTS AND JOBS ACT: MAJOR PROVISIONS AND IMPACTS

The Tax Cuts and Jobs Act (TCJA) was arguably the largest overhaul of the U.S. tax code in the last 30 years. The new legislation substantially revised the existing tax code for both individuals and businesses. These changes will affect millions of taxpayers as many rules related to individual credits and deductions were changed. This report highlights key provisions and changes under the TCJA and is intended for informational purposes only. Because of the complexities of the tax code and the unique financial situation of each household, consult a certified tax professional for specific tax planning advice.

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The Private Bank by Nevada State Bank retained the team at Applied Analysis to explore the high net worth segment of the community. Specifically, the team has been working to better understand the size, consumer trends, needs and other aspects of this key segment of the market. Research efforts expected over the course of the next several months will focus on selected demographic and economic data, as well as information garnered through direct surveying techniques and other cutting edge research methodologies. This reporting series has been designed with these high net worth individuals in mind. We hope you find the elements of our research and analysis helpful in assessing the market.