H&R Block analysis: virtually all taxpayers affected by tax reform

0 Kudos
Started ‎12-27-2017 by
Modified ‎12-27-2017 by

With passage in both chambers of Congress of the Tax Cuts and Jobs Act (TCJA) and with the president signing the legislation, H&R Block (NYSE: HRB) advises taxpayers that while many of the changes will not affect individual taxpayers’ tax liability until they file their 2018 tax return in 2019, virtually all taxpayers will be impacted beginning January 1, 2018, including changes to their paychecks in early 2018. These changes could reduce or increase income taxes owed for 2018 and beyond. Homeowners, high-tax state residents, and families are among those impacted the most.

 

Read more about how this new legislation could impact you, on the H&R Block website here.

Contributors