When the Tax Cuts and Jobs Act of 2017 was signed into law back in December, millions started asking and wondering how it would personally affect them. Only a couple changes might impact the 2017 filings you make this year. But, several changes will definitely affect future filings. I will only address those changes that affect personal income taxes.
The good news is that you have two extra days to file this year because they're not due until Tuesday, April 17th and for the vast majority of taxpayers, we will owe less in 2018.