Bar Bulletin

Bar Bulletin

To Each His Own: Highlights of Federal Tax Reform

March 2018 Bar Bulletin

By the Trust & Estates and Tax Attorneys of Karr Tuttle Campbell

The recent enactment of the federal tax bill, known informally as the “Tax Cuts and Jobs Act” (the “Act”) represents the most substantial overhaul of the U.S. tax system in more 30 years. The changes are wide-ranging and will impact virtually every individual and business taxpayer in the country. Most of the changes under the Act went into effect on January 1 and will affect this year’s paychecks and next year’s tax returns. It is important to note at the outset, however, that many of the changes are not permanent and are...

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