IRS Launches New Easy-To-Use Webpages on Tax Reform

Business owners and self-employed taxpayers should make IRS.gov/taxreform their first stop for information on how tax reform affects both their business and individual taxes.  

The updated IRS.gov/tax reform page has helpful information for three types of taxpayers: individuals, businessesand tax exempt entities.
 
The Businesses page is for businesses of any size and includes these topics, among others:

• New 20 percent deduction for passthrough business
• Changes to deductions for certain fringe benefits
• Like-Kind Exchanges
• New employer credit for paid family and medical leave
• Depreciation and expensing