November 6, 2018

Tax Reform – TCJA

Do you have questions about your 2018 tax return? The IRS has launched a webpage titled “Tax Reform,” with links to detailed information related to the Tax Cuts and Jobs Act. The page has three sections, the first of which addresses individual taxpayers, on topics such as withholding; tax credits and deductions; and issues affecting members of the U.S. Armed Forces. Section 2 deals with business taxpayers and covers income, credits and deductions, depreciation, and more. Section 3 focuses on topics related to tax-exempt entities.