June 6, 2018

Although the majority of existing tax law remained intact, there were some significant changes made when the tax reform package was passed late in 2017. Most notable are the changes to individual tax returns. Below, we have compiled a summarized list of changes that you can expect to see when you file your individual tax return this year. **Spoiler Alert... the postcard-sized tax return was not included in the final changes.**

  • Tax Rate Modifications: The Act maintains seven tax brackets as in prior law while reducing the highest tax bracket from 39.6% to 37% for Single filers with taxable income over $500,000, but only $600,000 for Ma...

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