The following link outlines the major changes for individuals beginning in tax year 2018 (or other years where indicated) due to the Tax Cuts & Jobs Act bill passed by Congress and signed by the President on 12/22/17.

Tax Cuts and Jobs Act Newsletter

IRS Publication 5307, Tax Reform Basics for Individuals and Families, helps taxpayers learn how the Tax Cuts and Jobs Act, or TCJA, tax reform affects their taxes.

Some of the topics include …

Overview of the Tax Cuts and Jobs Act
Changes in Tax Rates
Changes to Standard Deduction
Changes to Itemized Deductions
Changes to Benefits for Dependents
Deduction for personal exemptions suspended
Alternative minimum tax (AMT) exemption amount increased
Reporting Health Care Coverage
Retirement Plans

Check the “Table of Contents” for a complete list of topics.

It is available at https://www.irs.gov/pub/irs-pdf/p5307.pdf

 

Tax Reform Changes by TOPIC or FORMS

Do you want to see changes by Tax Topic?

Income
Adjusted Gross Income (AGI)
Tax and Credits
Other Taxes
Payments
Itemized Deductions (Schedule A)

Do you want to see changes on the Tax Forms instead?

Form 1040 – pages 1 & 2
Form 1040 – Schedule A
Form 1040 – Schedule C pages 1 & 2

The interactive web page https://taxchanges.us switches back and forth between Topic or Form showing the changes.