Overview of the TCJA – Individuals

January 15, 2018   |   FeaturedUncategorized

Overview of provisions of the TCJA affecting individuals The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here's a look at some of the more important elements of the new law that have an impact on individuals. Unless otherwise noted, the changes are effective for tax years beginning in 2018 through 2025. •       Tax rates. The new law imposes a new tax rate structure with seven tax brackets: 10%, 12%, 22%, 24%, 32%, 35%, ... [Read Full Post]