Major tax reform was approved by Congress on December 22, 2017, aptly named the Tax Cuts and Jobs Act (TCJA). And while there are countless articles on the details of the reform, few concisely recap it in a way that is understandable to taxpayers.
That’s why we put together this short infographic to help you and your clients better understand the ins and outs of the TCJA.
Though many of the changes under the reform simplify some aspects of tax for families and individuals, there are still a substantial number of uncertainties beyond 2018. Your role as a trusted source of key information will prove even more vital as your clients learn to navigate their tax implications now and in the near future.