The new tax laws passed by President Trump is an act that was originally before Congress and was referred to as Tax Cuts and Job Acts of 2017. It was a plan to amend the IRS code of 1986 which spoke to tax reform that was mainly pushed forward by the Republicans and by extension the Trump Administration. The act contained reduction on tax rate for -s and businesses and saw some simplifying of the personal tax deductions by adjusting some credits and exemptions that can be claimed. This book will cover some of the areas of the Tax act that has been put forward by the Trump Administration and its overall implications on the everyday American citizens.
