1.) Identify at least one change from the new Tax Reform Act of 2017 to 2018 for each of the following areas:

-Income

-Adjustments for Adjusted Gross Income

-Adjustments from Adjusted Gross Income

-Taxable Income

-Tax Rates

2.) For each of the five changes explain the current tax law and then explain the new requirement or change. Explain the effect of each change on the affected area. Do you think this will increase or decrease most taxpayers taxes? Explain why.

3.) Identify what group of people this change will potentially benefit and those it will potentially hurt.

4.) Identify what you believe are the 5 most important items that are remaining the same from 2017 to 2018. Explain why you think not changing these requirements are good or bad, explain each of the 5 items separately.