TCJA: 2017 Tax Law

Insights on the 2017 tax law – Tax Cuts and Jobs Act

John P. Gimigliano

John P. Gimigliano

Principal, Washington National Tax, KPMG US

+1 202-533-4022
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On December 22, 2017, Pub. L. 115-97— commonly referred to as the Tax Cuts and Jobs Act (TCJA)—was enacted, representing the first major update to U.S. tax law since 1986. From this page, you can access updates and insights on the TCJA.


 

TaxNewsFlash – Tax Reform

Get the latest on what's happening with tax reform as the implementation of the 2017 law continues

Get the latest on what's happening with tax reform as the implementation of the 2017 law continues

Collection of Insights on TCJA

Articles, publications, and videos from KPMG about the implementation of the 2017 tax legislation

Articles, publications, and videos from KPMG about the implementation of the 2017 tax legislation

Unlock the QOZ Opportunity

Qualified Opportunity Zones enable taxpayers to defer and reduce capital gains and make a positive social impact

Qualified Opportunity Zones enable taxpayers to defer and reduce capital gains and make a positive social impact

Latest insights

Capitalization Punishment: The New Rules of Section 174

February 17, 2022

KPMG Inside International Tax podcast | Mandatory capitalization of R&E is here (for now). In this episode, we turn to this sleeper provision from the TCJA and unpack some of the international tax implications from the provision that might ripple through your financial statements and tax returns. [31:41]

TaxWatch Webcast: Research and Experimentation Expenditures in the post TCJA World

January 26, 2022, 2:00 p.m. ET

Effective for 2022, research and experimentation (R&E) expenditures are no longer allowed to be deducted as incurred. The TCJA mandates that, for tax years beginning after December 31, 2021, R&E expenditures be amortized. Absent a legislative change, these changes need to be factored into estimated tax payments, tax returns, and financial statements for tax years. This webcast examines these scheduled changes.

TaxWatch Webcast: Final Foreign Tax Credit Regulations

January 21, 2022, 2:00 p.m. ET

Final foreign tax credit (FTC) regulations were released by the U.S. Treasury Department and IRS in late December and published in the Federal Register on January 4, 2022. This webcast examines this latest set of FTC regulations, which primarily concern the determination of the FTC and the allocation and apportionment of deductions (including foreign income taxes) in determining the FTC limitation.