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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