The Tax Cuts and Jobs Act (TCJA) affects businesses as well as individual taxpayers. For this reason, the IRS has created a side-by-side comparison of tax changes that affect businesses.
The chart compares 2017 and 2018 tax rules and is divided into three columns that cover the tax provision, prior law rules and changes made by the TCJA. The chart is a useful tool for keeping track of the many changes to deductions, depreciation, expensing, tax credits and other rules for business.
Links for tax reform changes for individuals and businesses are on IRS.gov/taxreform.