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


Featured News

House Republicans suddenly have a massive problem with their tax bill

by Bob Bryan | Nov 09, 2017
In an attempt to rally support for their tax bill, the House Republican leadership may have created an even bigger headache.
  • House Republicans made changes to a proposed excise tax on multinational companies in the Tax Cuts and Jobs Act with an amendment on Monday.
  • The Join Committee of Taxation found that by weakening the proposed tax, the TCJA would add more than $1.5 trillion to the federal deficit over 10 years.
  • That would disqualify the bill from passing under the budget-reconciliation rules.

In an attempt to rally support for their tax bill, the House Republican leadership may have created an even bigger headache.

According to an update from the Joint Committee on Taxation, an amendment to the Tax Cuts and Jobs Act that was added late Monday would make the bill fail a key test and force Republicans to come up with an alternative solution to raise revenue.


For more on this visit

More News & Resources 

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

Join the MICPA Tax Team


Fill out the form to become a tax reform resource.

Follow us on Twitter and use the hashtag #MICPATaxTeam.

View all upcoming MICPA Tax Reform Programming.


Browse Courses

Navigating the complexities of tax change is challenging and complicated. Trust your return to an expert, and partner with a Michigan CPA!


Find A CPA