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Welcome to our Tax Reform Resource Center.

We are keeping an ear to the ground so that when updates and regulations occur surrounding the Tax Cuts and Jobs Act, you will know first. Check back here and follow us on social media to receive breaking news as it occurs.

Have questions about how the legislation affects your personal and business tax planning? Contact your local Blue & Co. tax advisor.

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Get started on 2018 tax planning today

Get Started On 2018 Tax Planning Today!

Now is the time to start tax planning for 2018 for maximum tax savings. It’s especially critical to get an early start this year because the Tax Cuts and Jobs […]

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You can still defer tax with a "like-kind" exchange but new limits apply

You Can Still Defer Tax With A “Like-Kind” Exchange But New Limits Do Apply

Normally when appreciated business assets such as real estate are sold, tax is owed on the appreciation. But there’s a way to defer this tax: a Section 1031 “like-kind” exchange. […]

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These tax credits for small businesses could reduce your 2017 & 2018 tax bills

These Tax Credits Just For Small Businesses Could Reduce Your 2017 & 2018 Tax Bills

Maximizing available credits is especially important now that the Tax Cuts and Jobs Act has reduced or eliminated some tax breaks for businesses. There are two still-available tax credits for […]

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The State and Local Sales Tax Deduction Still Remains to an Extent

The State And Local Sales Tax Deduction Remains To An Extent But Is Subject To A New Limitation

Individual taxpayers who itemize their deductions can generally deduct either state and local income taxes or state and local sales taxes. The ability to deduct state and local taxes — […]

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IRS Clarifies New Limit On Business Interest Expense Deductions

IRS Clarifies New Limit On Business Interest Expense Deductions

The Tax Cuts and Jobs Act (TCJA) imposes a limit on deductions for business interest for taxable years beginning in 2018. The limit, like other aspects of the law, has […]

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Tax Extender Provisions in the Bipartisan Budget Act of 2018

Tax Extender Provisions In The Bipartisan Budget Act Of 2018

On Friday, February 9, Congress passed, and the President signed into law, H.R. 1892, the “Bipartisan Budget Act of 2018” (the Budget Act, P.L. 115-123). The major reason for the […]

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Take Advantage of TCJA Updates That Benefit Manufacturers

Take Advantage Of TCJA Updates That Benefit Manufacturers

The Tax Cuts and Jobs Act (TCJA), which was signed into law in December 2017, contained numerous changes to cost recovery methods for capitalized assets. These changes provide manufacturers with […]

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TCJA temporarily lowers medical expense deduction threshold

TCJA Temporarily Lowers Medical Expense Deduction Threshold

With rising healthcare costs, claiming tax deductions for these expenses can be more important than ever. However, there is a threshold for deducting medical expenses that may be hard to […]

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TCJA expands use of cash basis accounting method and more

TCJA Expands Use Of Cash Basis Accounting Method And More

The recently enacted Tax Cuts and Jobs Act (TCJA) includes a number of changes to the rules governing the choice of accounting methods by taxpayers. In certain situations, the TCJA […]

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Can you deduct home office expenses?

Can You Deduct Home Office Expenses?

Working from home has become commonplace, but just because you have a home office space doesn’t mean you can deduct expenses associated with it. For 2018, even fewer taxpayers will […]

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TCJA Limits The Deduction for Meals, Entertainment, and Employee Transportation

TCJA Limits The Deduction For Meals, Entertainment And Employee Transportation

Along with tax rate reductions and a new deduction for pass-through qualified business income, the new tax law brings the reduction or elimination of tax deductions for certain business expenses. […]

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Form 1040 Schedule A Overhaul

Form 1040 Schedule A Overhaul

A brief overview of changes by the Tax Cuts and Jobs Act Lawmakers recently passed the largest reform of tax law since the Tax Reform Act of 1986 and it […]

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What the TCJA Means for You

The Tax Cuts And Jobs Act: What It Means For You

Highlights of the New Law The “Tax Cuts and Jobs Act” (the Act) is the largest overhaul of the United States Tax Code in over 30 years and will have […]

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Deferred income taxes and the tax cuts and jobs act

Deferred Income Taxes And The Tax Cuts And Jobs Act

The Tax Cuts and Jobs Act (TCJA) is hot off the presses and contains many provisions which will impact taxpayers in 2018. In addition, the change in corporate tax rates […]

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Tax-Exempt Highlights Comparison of the TCJA 2017

Tax-Exempt Highlights Comparison – Tax Cuts And Jobs Act Of 2017

On December 22, President Trump signed into law the “Tax Cuts and Jobs Act” (P.L. 115-97), a sweeping tax reform law that will entirely change the tax landscape. The legislation […]

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