Home / Columns and Features / Individual income tax reform: The impact on Rochester residents (access required)

Individual income tax reform: The impact on Rochester residents (access required)

On Dec. 22, 2017, President Donald Trump signed into law the most radical reshaping of the income tax system since the Reagan era. Trump had reportedly told Congressional leaders that he wanted to name the bill the “The Cuts, Cuts, Cuts Act,” but for many residents of high-tax states, it is reported to be anything but. This ...

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IRS issues guidance on passthrough deduction (access required)

As part of the Tax Cuts and Jobs Act, Congress created a new and much-publicized passthrough deduction, designed to provide ...