The Tax Cuts and Jobs Act will affect your finances now and in the future. Is there anything you can do about it?
The first major overhaul of the US tax code in more than 30 years, the Tax Cuts and Jobs Act (TCJA), took effect in 2018 and is expected to significantly impact all American taxpayers through 2025. At nearly 200 pages, the Act substantively changes the tax code for both institutions and individuals, aiming to cut corporate, individual, and estate tax rates.