The Investopedia article: How the GOP Tax Bill Affects You by Amy Fontinelle (Updated January 3, 2018) outlines some of the major effects of the legislation.
The official title of the bill is: “An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018,” ---thus possibly making it a tax legislation bill with the longest title in history.
Many will be reading numerous articles about the new tax bill and its affects. As always, I caution not to rely on any one article or website for information.
Consult a professional about your individual tax situation.
I have learned from one contact that the (hard copy) IRS forms remain on ‘backorder’.
According to an IRS mailing: “The Federal Tax Products you ordered …are not available at this time. We are holding your order pending availability. There is no need to reorder. We apologize for the delay.”
(As of this writing, the hard copy of the requested IRS forms had not yet arrived.)
So if you require\order hard copies of tax filing forms, such as Form 1040, Instructions, Schedules, etc. you may be able to access them sooner via the IRS website.
As the IRS notice stated: “Electronic versions of new tax products are often available several weeks before they are available in print.” (www.irs.gov)
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