In late 2017, President Donald J. Trump signed into law “An act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018.” The bill is more commonly known as the, “Tax Cuts and Jobs Act,” and provides the most sweeping changes to the tax code since 1986.
For individual taxpayers, a number of changes hold significant relevance, particularly:
- Income Tax Rates
- Personal Exemptions
- Itemized Deductions
- Foreign Investments
To learn more about these changes impacting individuals, please complete the form below to download our whitepaper, Tax Reform's Impact to Individual Taxpayers. Please also feel free to contact MFA’s Tax Team with specific questions about your unique tax situation.