Tax Reform Resources

$1.5 Trillion Tax Reform Plan Signed Into Law

The bill was the most significant overhaul of America’s tax system in decades and a legislative victory for the President,
who has struggled during his first year in office to pass major bills that would deliver on campaign promises,
even with Republicans having the majority in both chambers of Congress.

Under the new law, individual tax rates will be lowered, but those cuts are set to expire in 2025. The standard deduction, which will almost double, is likely to become more popular. The tax credit for children will also double, which Republicans have said will benefit lower-income families. The largest cut in the new tax law — which will not expire — benefits corporations.

The Results Are In!

MICPA members weigh in on the impacts of tax reform on their clients and business.

tax survey results

View Full Tax Reform Survey Results


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Click on a category below for the latest tax updates and changes currently affecting our profession



Podcasts discussing key topics related to the Tax Cut and Jobs Act of 2017

Federal Tax Update Podcasts

Listen to new podcasts produced by the MICPA on recent developments

MICPA Podcasts

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