OK, as we are sorting out what was passed in the tax plan, here are a couple changes (starting for 2018) that may affect the non-corporate taxpayers:

No more dependent exemptions - large families and married couples all get a increased standard deduction (almost doubled), and no more counting dependents. So, large families who had the deduction for lots of kids, lose that advantage.

President Donald Trump signs the tax reform overhaul bill.

W-4 forms that you have filled out for your employer will need to be re-signed as the "Married and claiming 5 exemptions" is no longer the lingo.
Tax planning will be needed - give me a call. There is a big difference between tax preparation and tax planning.

Stay tuned as I will send other updates and clarifications.