The Tax Cuts and Jobs Act

On December 22nd, 2017 President Trump signed into law H.R. 1, the “Tax Cuts and Jobs Act” (TCJA), the largest tax reform law since 1986.

Following are articles of interest related to the TCJA grouped based on area of impact. Look for regular additional e-Alerts and information from Warady & Davis LLP regarding the TCJA and how it may affect you, your business or not-for-profit organization.

key provisions of the tax cuts and jobs act

Featured Article

New tax law gives pass-through businesses a valuable deduction

Although the drop of the corporate tax rate from a top rate of 35% to a flat rate of 21% may be one of the most talked about provisions of the Tax Cuts and Jobs Act (TCJA), C corporations aren’t the only type of entity significantly benefiting from the new law. Owners of noncorporate “pass-through” … Read More »


The Tax Cuts and Jobs Act (TCJA) affects nearly every business and individual in the country. The new law fundamentally changes the individual and business tax landscape and many changes became effective on January 1, 2018. This area contains TCJA law overviews and detailed summaries.


The Tax Cuts and Jobs Act (TCJA), contains a treasure trove of tax breaks for businesses. Overall, most companies and business owners will come out ahead under the new tax law, but there are a number of tax breaks that were eliminated or reduced to make room for other beneficial revisions. Here are the most important changes in the new law that will affect businesses and their owners.


In December, 2017 Congress completed passage of the largest federal tax reform law in more than 30 years. Commonly called the “Tax Cuts and Jobs Act” (TCJA), the new law means substantial changes for individual taxpayers. Except where noted, these changes are effective for tax years beginning after December 31, 2017, and before January 1, 2026.


Provisions of the 2017 Tax Cuts and Jobs Act, H.R. 1, (TCJA), are expected to have significant impacts on charitable giving, among other changes that will affect not-for-profit organizations. The main provisions of the TCJA affecting nonprofits are discussed here.


The Tax Cuts and Jobs Act of 2017 (TCJA) doesn’t repeal the federal gift and estate tax. It does, however, temporarily double the combined gift and estate tax exemption and the generation-skipping transfer (GST) tax exemption, creating new estate planning challenges and opportunities.

Tax Planning

When Congress closes one door, another door often opens creating new planning opportunities and far-reaching tax implications.