Simply Tax® Episode 7 – The 12 Differences of TCJA

Thoughtware Podcast Published: Dec 20, 2017
Pillars on a Government building

Part of the Tax Reform Series

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The conference committee reconciled differences between the House- and Senate-passed tax bills to arrive at a final version of the Tax Cuts and Jobs Act of 2017 (TCJA). What made it into the final bill? Host Damien Martin breaks it down in a holiday-inspired list of 12 significant differences between the House and Senate bills. Listen to find out how the Conference Agreement reconciles the following provisions:

  1. Corporate tax rate
  2. Corporate Alternative Minimum Tax (AMT)
  3. Pass-through business deduction
  4. Treatment of private activity bond interest
  5. Repatriation of foreign earnings
  6. Limitation on nonpassive losses
  7. Individual tax rates
  8. Individual AMT
  9. Child tax credit
  10. Affordable Care Act individual mandate
  11. Home mortgage interest expense
  12. State & local, sales, real estate & personal property tax expense

*Music provided by Musical Drewby.


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