Tax Proposal Explained

Both the House and the Senate have put forth proposals to revise the current tax system with the goal of having something agreed on by the end of the year to go into effect for the 2018 tax year.  Whether that will be accomplished is very much up in the air as some provisions are in direct conflict with one another.  Although this is just a framework and much will change, Kiplinger.com has put together a slideshow that can be viewed by clicking here that identifies some of the more prominent changes and how the House and the Senate differ.