A personal guide to the tax cuts and jobs act what it means for you is focused on the immediate and long term impact of the tax cuts and jobs act for individual taxpayers individuals are more impacted by the provisions of the act than any other class of taxpayer. The tax cuts and jobs act of 2017 is the most significant reform to the internal revenue code irc since the 1986 tax reform act the tax cuts and jobs act tax act dramatically changes 2018 tax filing for both individuals and corporations. Retirement guide 20s 30s 40s the ascent is the motley fools new personal finance brand devoted to helping you live a richer life now that the tax cuts and jobs act has passed . The tax cuts and jobs act decreased the federal corporate income tax rate from 35 to 21 for tax years beginning in 2018 18 100 x 1000000 557143442857. Tax cuts and jobs act your guide to success brought to you by have you heard federal tax reform is happening through the tax cuts and jobs act one of the initial goals of the tax legislation was simplification of the tax code while this bill does simplify things for many middle to lower income americans primarily personal service
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