Key Provisions of the 2017 Tax Legislation

January 8, 2018

On December 22, 2017, President Trump signed a comprehensive tax reform bill into law—previously known as the Tax Cuts and Jobs Act of 2017 (the “Act”). The Act is the first major overhaul of the federal tax code in 30 years, and includes sweeping individual, corporate, partnership, estate, and international tax reform, impacting individuals and both for-profit and tax-exempt entities. In light of these changes, individuals and entities should consult with tax professionals to reassess their financial plans and organizational structure.

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