The 2017 Tax Cuts and Jobs Act (TCJA) changed the landscape of planning for individuals, business owners, estates, and trusts. Tax planning has now become very individualized, everyone’s situation is unique and many of the past rules no longer apply. Multi-year planning is also now a must. With the opportunity for income/deduction “bunching,” an important part of planning, it is hard to just look at one year. Sometimes generating income can save taxes in the long run. It is no longer simply a matter of deferring income or accelerating deductions. We also often look at “multi-generational” tax planning. There may be opportunities to shift income to lower bracket parents or children to reduce the overall tax burden for the family.