2017 Tax Reform

2017 Tax Reform Summary of Major Provisions Tax Rates 1. The Act has seven tax brackets (ranging from 10% to 37%): 10%, 12%, 22%, 24%, 32%, 35%, and 37%. 2. The 37% bracket would begin at: $600,000 for joint returns/surviving spouses (39.6% rate starts at $470,700 for 2017) 3. The…