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Tax Reform: Good for the Gig Economy, Bad for High Tax States (Video & Podcast)

While the Tax Reform of 2017 lowered both personal and corporate tax rates, it also took away some great deductions for folks in high tax states and gave gig-economy workers an added bonus. So watch our video and listen to the full podcast to learn how all that will affect you.

The  Tax Cuts and Jobs Act (TCJA) of 2017 was the most sweeping tax legislation in more than 30 years. And while the big reduction in corporate tax rates and personal tax rates often take center stage, there are a ton of other things in that bill that will affect you and your wallet.

In addition, if you live in a state with high taxes or are a member of the new gig economy, listen up.  There are changes that will affect you and the decisions you make this year.

So watch our video above for a few tips for those of you in the sharing economy, but then be sure to listen to the full podcast as our retirement columnist Bob Powell and I talk about some of the many things you need to now about these tax law changes.

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