On December 22, 2017, the president signed the “Tax Cuts and Jobs Act” into law, with the majority of its provisions going into effect January 1, 2018. The tax reform bill made sweeping changes to the Internal Revenue Code that will affect businesses and individuals in numerous ways. Below are brief summaries outlining the most significant provisions under the newly enacted law compared to our current tax system.
This is not intended to include all changes enacted. Please do not hesitate to contact us with any questions or concerns. Give us a call at 210.733.6611 or email us at firstname.lastname@example.org.