Dec. 30, 2017
2018 Tax Changes
Here’s how the U.S. tax system is changing for 2018 and beyond. President Trump recently signed the tax reform bill into law, and it makes major changes to the U.S. tax code for both individuals and corporations. In fact, the bill represents the most significant tax changes in the United States in more than 30 years. With that in mind, here’s a guide to all of the changes that will go into effect — the new tax brackets, modified deductions and credits, corporate tax changes, and more. The 2018 tax brackets In President Trump’s campaign tax plan, he proposed reducing the number of tax brackets from seven to three, and the House of Representatives’ original tax reform bill contained four…
