What did not change?

The new Act encompasses many new and updated provisions including the new code §199A, addressing the taxation of income generated from pass through entities.  However, the followings are sections that were unchanged:

  • No Change to Capital Gains Rates – qualified dividends from C-Corp. are taxed at capital gains rates 15% for many taxpayers, and 20% for high-income taxpayers.
  • 3.8% surtax on investment income for taxpayers with modified adjusted gross income exceeding $200,000 and married filing joint exceeding $250,000 (these thresholds are not indexed for inflation).No Change to Net Investment Income Tax (NIIT) – qualified dividends from C-Corp. may be subject to the NIIT.
  • No Change to Health Savings Accounts (HSA) Deduction –  $3,450 for individual coverage and $6,900 for family coverage, $1,000 catch‐up for those over 55 for those with High Deductible Health Plans (HDHP) through employer, purchased on the open market, or through the health exchanges.
  • No Change to IRA and Qualified Plans Deductions, but Roth conversions are repealed.

If you have questions about Business Planning & Estate/Trust Planning, call Attorney Ali Talai @ (818) 285-2850(818) 285-2850 or visit our website @ www.TalaiLaw.com.

Contact Us

The Highest Quality of Legal Service

Contact Ali Talai | Call 818-285-2850 | Estate Planning Lawyer in Woodland Hills, CA

Estate Planning, Business Planning, and Probate Attorney

Ali Talai, Attorney at Law

schedule a call today

Blogs

Related Blog Posts

What Are the Steps for Filing Probate in California?
Ali Talai

What Are the Steps for Filing Probate in Cali...

Losing a loved one is a challenging experience, and handling legal matters while grieving can feel overwhelming. If you’re responsible…

March 15, 2025
Questions You Should Ask Your Estate Planning Attorney | Call 818-285-2850 for Consultation
Ali Talai

Questions You Should Ask Your Estate Planning...

Creating an estate plan is a personal and often emotional undertaking, making the selection of your estate planning attorney of…

September 15, 2022
How to Put Your Home in a Trust in California | Talai Law Offices | Call 818-285-2850 for Consultation
Ali Talai

How to Put Your Home in a Trust in California...

Your home is more than just a piece of property. it’s where you’ve built memories, found comfort, and created a…

January 15, 2025
Stay Informed And Connected || Call 818-285-2850 for Consultation || Estate Planning Lawyers in Woodland Hills, California

SUBSCRIBE TO OUR NEWSLETTER

Stay Informed and Connected

Stay Informed By Signing Up For Our Newsletter!

NewsLetter Form

Contact Us Today!

Contact Us, & We’ll Guide You Through Your Next Steps!