2018 Tax Changes (TCJA)

Effective January 15th, 2018, RightCapital has been updated to reflect changes associated with the Tax Cuts and Jobs Act (TCJA).  All existing client accounts have been set to reflect the TCJA changes, including the sunset of provisions currently set to expire in 2025.

There is now flexibility to illustrate client plans under three different tax law frameworks.

In the advisor portal, select the client in the client list and click on the "Client Assumptions" tab.  Use the "Tax law" drop-down box to select the tax framework used in calculating the client's projections:

  1. TCJA sunset 2025: reflects all updated provisions related to TCJA, including the sunsetting of most individual income tax provisions in 2025
  2. TCJA no sunset: reflects all updated provisions related to TCJA for the entire duration of the plan (ignores the sunset provisions).
  3. 2017 tax law: reflects all tax provisions prior to enactment of TCJA, as would be used in clients' 2017 tax calculations.

In addition, all tax parameters (e.g. contribution limits) have been updated to the 2018 values.

Please click here for a detailed discussion of the changes made.

Click here to view the webinar highlighting the tax changes and a couple of examples of how to use RightCapital to illustrate tax implications for clients.