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Tax Law Outlook: Key Provisions Foretell Sweeping Changes for Businesses

This law introduces significant changes affecting individuals and organizations across the United States. Baker Donelson's attorneys and advisors have prepared this analysis to help you understand the immediate impact.

Overview

Comprehensive tax legislation enacted earlier this year will affect every business across the U.S. The new law introduces material changes to corporate and individual income tax rates; several deductions, exemptions, and credits utilized by individual and corporate taxpayers; estate and gift taxes; and other areas of our federal tax law.

Baker Donelson has prepared updates and analysis to assist our clients in navigating the new tax landscape. Our ongoing series of materials, available under the Publications tab below, will continue to explore the law's implications as significant developments arise.

Table: Key Differences Between House, Senate, and Final Bill

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