Tax Cuts & Jobs Act Signed

Dec 21, 2017 by

The Tax Cuts & Jobs Act (TCJA) has passed Congress and been signed into law by President Trump.

The White House National Economic Council has issued a summary of the Act, which includes:
Projected economic impacts of the new law
Expected Benefits
Tax Rates for Individuals comparing current law with TCJA rates
Tax cuts for Individuals
Distribution of the benefits of the new tax law (57% Individuals, 41% Businesses, 2% Estates)
Tax Rates for S Corporations, Partnerships and Sole Proprietors comparing current law with TCJA rates
Tax Cuts and Reform for Business
Elimination of special interest tax advantages and deductions

Click here to download the Summary.

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