Many tax laws were changed for 2018 based on the Tax Cuts and Jobs Act passed in late December. We have summarized a handful of these changes that you should be aware of, but please understand that this is not a comprehensive list. We aim to highlight the sections that affect most individuals and businesses. Most of these changes went into effect on January 1, 2018. Tax returns filed during the spring of 2018 (for the 2017 tax year) are generally not affected.