The Tax Cuts and Jobs Act was approved by Congress and signed by President Trump in December 2017. With most provisions effective 2018, it lowers the individual and corporate tax rates, repeals numerous tax credits and deductions, enhances the child tax credit, boosts business expensing, and repeals the individual mandate of the Affordable Care Act. Prepare for future tax filing seasons as author Danny Santucci identifies how the act affects virtually every individual and business in a way not seen in over 30 years.