ocfo

Office of the Chief Financial Officer

Electronic and paper versions of the 2025 District income tax forms will be delayed; however, taxpayers may continue to file their returns electronically. For more information on Individual Income Tax Forms, visit: Individual Income Tax Forms. For additional information on Business Tax Forms, visit: Unincorporated Business Franchise Tax Forms

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Summary of the Effects of Major Provisions of the "Tax Cuts and Jobs Act" on District Residences and Businesses

Tuesday, February 27, 2018

The presentation focuses on the following changes that may significantly impact District revenues and/or District taxpayers:

Federal Tax Rates
Standard Deduction
Personal Exemption
Child Tax Credit
State and Local Tax (SALT) Deduction
Estate Tax Exclusion
20% Qualified Business Income Deduction
Immediate Expensing/Interest Deduction Limitation for Businesses

Attachment(s):

Tax Reform Summary