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How tax reform will impact individual taxpayers

Hosted by Chris Baysden

Please note: This item is from our archives and was published in 2018. It is provided for historical reference. The content may be out of date and links may no longer function.

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Individual taxpayers have plenty of questions about how the new tax reform law will impact them. So we asked Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, to provide some clear, easy-to-understand answers to some of the most common questions. If you care about tax reform — whether you’re a CPA or a CPA client — this podcast is for you.  

What you’ll learn in this podcast:

  • When will the new tax law’s changes take effect?
  • How much will the law reduce rates for most individuals?
  • What impact will doubling the standard deduction have on families?
  • What are some of the more commonly used itemized deductions that were repealed?
  • What are some of the popular itemized deductions that are left?
  • What changes were made to the mortgage interest deduction?
  • What changes were made to state and local tax deductions?
  • What changes were made to the AMT?
  • How long will the tax law changes be in effect?

Play the episode below: