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Will tax bill apply for 2017 taxes?

Will the tax bill that will be voted on next week apply for and lower 2017 taxes (due by 4/15/18)?
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IT Guy
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IT Guy
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Jackie ManCommented:
Will the tax bill that will be voted on next week apply for and lower 2017 taxes (due by 4/15/18)?

No

The effective date would be for tax years beginning after December 31, 2017.

https://home.kpmg.com/content/dam/kpmg/us/pdf/2017/12/tnf-senate-passed-bill-dec4-2017.pdf
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JohnBusiness Consultant (Owner)Commented:
Also, most of us use a tax preparation program (Turbo Tax for instance) and these programs will provide the correct tax calculation and correct deductions.
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