The Tax Cuts and Jobs Act signed into law December 22, 2017, by President Donald J. Trump is the largest tax code overhaul in 30 years. The reform itself is massive and contains many tax law changes, most of which are extremely complex and many which go into effect on January 1, 2018. This article explains some of the “most noteworthy” changes that affect the taxation of individuals. In addition to providing you with a summary of some of the changes, it also clearly defines the effective dates (many of which include an expiration or “sunset” provision).

Whether reacting to an IRS letter or being proactive in seeking tax planning help, it’s crucial that you find a tax CPA that has the right qualities. Beyond being tax experts, a good tax accountant can also provide IRS and DOR representation, personal financial planning, business valuation, litigation services, and tax assistance and planning.