IRS Publication 5318, Tax Reform: What’s New for Your Business Provides information about changes to deductions, depreciation, expensing, credits, fringe benefits and other items that may affect your business. IRS Publication 5307, Tax Reform: Basics for Individuals and Families Provides information about changes to withholding, standard and itemized deductions, moving expenses and many other tax reform provisions that affect individuals and families. Body The IRS is working on implementing the Tax Cuts and Jobs Act (TCJA). This major tax legislation will affect individuals, businesses, tax exempt and government entities. Information for. . . Individuals From estimated taxes to withholding, tax reform has a significant effect on your taxes. Paycheck Checkup Itemized Deductions Standard Deductions Other Topics Businesses Whether you are a small or large business, tax reform may affect your company. Qualified Business Income Deduction Meals and Entertainment Deduction International Businesses Other Topics Tax Exempt Entities Tax reform affects retirement plans, tax exempt organizations and governments. Qualified transportation fringe benefits PDF More than one trade or business PDF Estimated tax penalty relief for transportation fringe benefits PDF Other Topics