Lower Your Taxes - BIG TIME! 2023-2024: Small Business Wealth Building and Tax Reduction Secrets from an IRS Insider, 9th Edition

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Highlights of the New Tax Cuts and Jobs Act Legislation (Updated)

People who struggle with their taxes fall into two categories: men and women.

Chapter Overview

This chapter takes a closer look at the changes[em dash]and the consequences of those changes—resulting from the passage of the 2017 Tax Cuts and Jobs Act (TCJA), the most significant tax law changes in decades.

Introduction

The 2017 Tax Cuts and Jobs Act is the most significant revisions to U.S. tax law in decades. The Republican bill, passed along party lines, was so rushed—the Senate initially passed it like a thief in the night . . . literally at 2 a.m.—that there were no real debates and no public hearings, which is NEVER a good thing. Legislation such as this should be transparent ...