Tax Reform Impact [INFOGRAPHIC]
Did you know… tax reform affects virtually every taxpayer? The recently passed Tax Cuts and Jobs Act (TCJA) changes the way you claim exemptions, dependents, deductions and even medical expenses. But, can you expect to pay more or less in 2018? The following interactive infographic is meant to give you an indicator* of the impact you may see under the new tax reform bill.
*This tool is an estimate of your tax impact in 2018 and should be used only as a helpful guide. To get a side-by-side estimate, visit our tax refund and tax reform calculator. For more detailed information about your specific situation consult a tax professional.
The Tax Cuts and Jobs Act (TCJA) has suspended Moving Expenses Deduction starting in 2018. Learn more with the tax experts at H&R Block.
The Tax Cuts and Jobs Act eliminates the ACA penalty starting in 2019. Learn how the TCJA may impact the ACA penalty calculation for 2017 and 2018 with H&R Block.
Do you own a small business? Learn more about the qualified business income deduction, the latest tax reform for pass-through entities.