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What the new tax law means for individuals filing U.S. taxes

ShindelRock–Tax Video #5: Changes to Individual Income Tax Returns [1]

Keeping abreast of the swiftly changing tax landscape for our clients is an important part of the work we do at ShindelRock.  The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package, with implications for nearly every tax filer in the United States. Here’s a look at some of the more important elements of the new law that may impact your individual tax liability in the future. Unless otherwise noted, the changes are effective for tax years beginning in 2018 through 2025.

As you can see from this overview, the new law affects many areas of taxation. If you wish to discuss the impact of the law on your particular situation, please contact your ShindelRock professional.  For information about how the TCJA may affect businesses, please click here [2].