15 Ways the New Tax Rules May Affect You

The biggest tax reform effort in decades just got passed in Washington late last year, and nearly every American taxpayer can expect to encounter major changes to the way that their taxes look. You won't see the impact of the Tax Cuts and Jobs Act on the returns you're preparing right now for your 2017 tax year, but most of the rules formally took effect on Jan. 1. Here are just some of the dozens of ways that new tax laws could affect you.