There are differences between the tax reform provisions proposed by the House and Senate. More changes are likely to occur as the Senate votes on its version in the next several days. Then, there must be a reconciliation of differences before we finally see the Tax Cuts and Jobs Act head to the President’s desk for signature.
Western CPE instructor, Mark Mirsky has provided us with a summary of the differences for both businesses and individuals.
View Summaries (PDF)
Tax Cut and Jobs Act of 2017 – Business Proposals
Tax Cut and Jobs Act of 2017 – Individual Proposals
Update: The tables below have been updated with the latest information available, as of 12/2/2017.
Recent Stories
Alert Your Business Clients to 2026 Form W-2 Changes for OBBBA
January 23, 2026
Trump Executive Order Directs Cannabis Rescheduling
January 19, 2026
Trump Accounts and New Form 4547
January 12, 2026
Next Up...
Oh, the joy of receiving a paycheck without income tax taken out. Though it may
7 min read
ASC 832 establishes recognition, measurement, and presentation rules for government grants for business entities.
5 min read
Most CPAs rely on a handful of Excel tools, but the functions you're not using
5 min read