The Tax Cuts and Jobs Act was signed into law on December 22, 2017 and is effective for tax years beginning January 1, 2018 and after. Listed below is a snapshot of how the new tax law affects individuals. If you’re interested in learning what the tax changes mean for your business, click HERE.
These are just a few of the more significant provisions in the new legislation. The legislation covers much more then we have addressed above. Please contact us to discuss how the above provisions or the many others in the Act could affect your particular tax situation.