Summary: The past year has brought about big changes, including the largest reform of the US tax system in over 30 years. As many of you are set to plan your year-end gift giving, you must ask yourself, "How much am I planning to gift to the IRS?" It's a great question, given that significant changes were made to the standard deduction earlier this year within the Tax Cuts and Jobs Act. Today we speak with Justin Waring, Investment Strategist for the UBS Chief Investment Office about this topic and recent blog in which he wrote. Neither UBS Financial Services Inc. nor any of its employees provide tax or legal advice. You should consult with your personal tax or legal advisor regarding your personal circumstances. As a firm providing wealth management services to clients, UBS Financial Services Inc. offers both investment advisory services and brokerage services. Investment advisory services and brokerage services are separate and distinct, differ in material ways and are governed by different laws and separate arrangements. It is important that clients understand the ways in which we conduct business and that they carefully read the agreements and disclosures that we provide to them about the products or services we offer. For more information visit our website at ubs.com/workingwithus. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA/SIPC.
