Discussion Post: Tax Cuts And Jobs Act
a) Summarize the purpose of the Tax Cuts and Jobs Act and explain the main objective(s) for its implementation.
b) Examine three significant changes brought forth by the Tax Cuts and Jobs Act and discuss at least two advantages and/or disadvantages of each.
c) Analyze the impact that each of the three significant changes has on the taxpayer as an individual and a family.
d) Recommend tax planning strategies to maximize tax savings based on the three significant changes identified. Provide a rationale.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.