How the Tax Reforms will Take Effect

Some of the impact of the Tax Cuts & Jobs Act will be felt later than January 1.

President Donald Trump signed the Tax Cuts & Jobs Act into law on December 22, and on January 1, some key details of the Internal Revenue Code will abruptly change. *

There will be night-and-day change, both figuratively and literally. On January 1, the federal estate tax exemption will double; the ...