The Tax Cuts and Jobs Act was officially signed into law by President Trump on December 22, 2017. This is the largest tax reform legislation in over 30 years. Although the enactment date of the law is December 22, 2017, most of the changes do not go into effect starting on January 1, 2018. Many parts of the bill will sunset in 2025. We have included information on both the major impacts to individuals as well as Corporations.