QuickBooks Tax Reform Resource Center

 

We understand you may be wondering how the 2017 Tax Cuts & Jobs Act (also known as tax reform) impacts you or your business. Whether you’re a small business, self-employed, a contractor, or a business of one, QuickBooks has your back. Here’s what you need to know.

Key tax reform changes for 2018 taxes

 

Tax reform impacts self-employed (contractors, freelancers, and sole proprietors) and small businesses.

 

The biggest changes include:


New 20% Qualified Business Income Deduction


Qualified business equipment can be deducted up to $1,000,000


Eliminates the corporate alternative minimum tax (AMT)


An increased deduction for car depreciation for cars used for business

 

Learn more

Tax reform FAQs

 

Want to brush up on the new law and how it affects self-employed people, small businesses, and payroll customers?

 

We’ve got answers:

Ask the Community

 

Have a question? Connect to folks like you and get answers to your questions about tax reform. Join the conversation or start one today.

Are you an accountant or tax professional? Visit the ProConnect Tax Reform Resource Center for tax professionals.