Glossary for Investors

Tax Cuts & Jobs Act

The Tax Cuts & Jobs Act is a congressional revenue act of the United States originally introduced in Congress as that amended the Internal Revenue Code of 1986. Major elements of the changes include reducing tax rates for corporations and individuals, increasing the standard deduction and family tax credits, further limiting the mortgage interest deduction, and modifying protocols for itemized deductions and other components of tax filing for pass-through entities. The bill was signed into law in late 2017, with changes going into effect for the 2018 tax year.

As a ride-along bill within the broader legislation, the Investing in Opportunity Act introduced opportunity funds as tax-advantaged investment vehicles, paving the way for Opportunity Zone real estate investing.


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