The Tax Cuts and Jobs Act released by the House Ways and Means Committee incorporates many of the provisions listed in Republicans' September tax-reform framework while providing new details. The bill features new tax rates, a lower limit on the deductibility of home mortgage interest and the repeal of most deductions for individuals. Stay updated on the latest tax reform developments at the AICPA Tax Reform Resource Center. Listen to a podcast by Bob Keebler on how tax reform could affect individuals and estates.
Details of tax reform proposal from House revealed
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