After reviewing the IRS Publications attached, select and briefly summarizeany three significant...

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After reviewing the IRS Publications attached, select and briefly summarizeany three significant changes to individual income tax returns for 2018as a result of the Tax Cuts and Job Act (TCJA). You must use your own words; DO NOT cut and paste from any source.The total length of your assignment should not exceed one page. You may want to focus on Pub 5307 for a summary of the changes, No need to list references.

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Note: Please do not worry about the year printed in the document. To our best knowledge, the relevant documents are most recent ones from IRS. So, they are also applicable to 2019 and 2020. The point of the assignment is to identify what changes in Individual taxation are made by TCJA passed in 2017 and summarize the changes in your own words. Hope this helps. Let us know if you have further questions.

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Locate resources on the IRS website (https://www.irs.gov/tax-reform(Links to an external site.))
Summarize changes to individual tax return as a result of Tax Cuts and Jobs Act in 2017)

p5307-xlkawhpa.pdf p5318-5h5ujg5c.pdf p334-gtx0yftz.pdf p4012-qokl0wwy.pdf p17-woto442u.pdf

Suvrat · Accepted Answer

Three significant changes to individual income tax returns for the year 2018 as a result of the Tax cuts and Job Act (TCJA) are:
· Reduction in tax rates of the individuals.
One of the major changes done in the above act is the change of tax rate for individuals.
This means that the taxable individual has to pay less income tax as compared to 2017. 
The changes done in tax rate are as follows:

After reviewing the IRS Publications attached, select and briefly summarize any three significant changes to individual income tax returns for 2018 as a result of the Tax Cuts and Job Act (TCJA). You...

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