In late December of 2017, Congress passed the Tax Cuts and Jobs Act, the most extensive piece of tax reform legislation implemented since the Reagan era. Because media buzz surrounding this reform has caused a substantial number of questions from many taxpayers and tax preparers, we’re here to break down the fundamentals in a way that makes sense to everyone.
How will tax reform benefit individuals and families?
How are tax brackets changing under the new reform?
Which deductions are reduced or eliminated?
How will reform alter the role of tax preparation professionals?
In all of these (and future) changes, remember: TaxAct Professional is here for you with reliable services and support. From questions regarding the Tax Cuts and Jobs Act to the most up-to-date software available, we help you better serve your clients in all aspects of their tax preparation endeavors. Together, we can look forward to another successful tax season.