How tax reform will impact individual taxpayers

Hosted by Chris Baysden

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  • What are some of the more commonly used itemized deductions that were repealed?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: