Abstract
ABSTRACT This paper is a continuation of Tax Cuts and Jobs Act (TCJA) Brings Major Changes for Individual Taxpayers: Part 1 and explores additional changes expected to impact many middle and higher income taxpayers. Coverage includes changes associated with alimony, alternative minimum tax (AMT), 529 education plans, and the elimination of the individual mandate. The paper also presents a comprehensive example demonstrating a couple married filing jointly both pre-TCJA and post-TCJA highlighting the key differences. Keywords TCJA, Tax Reform, Tax Brackets, Standard Deductions, Itemized deductions, AMT, Alimony, 529 Plans, Child Tax Credit, Personal Exemptions
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