Question: How long will it take for tax bill if passed to become effective?

[pbmus]

I know some say it takes effect January 1, 2018...

But does that mean businesses and people will start using the law in 2018?

And if it really is April of 2019 that the real effects start, then the New Democratic Congress can reverse the damage.

[underpants]

1. 2018 tax year. Filings in 2019.

[pbmus]

2. Then we better vote democrats in 2018...

To reverse the catastrophe...

[Voltaire2]

5. You can't really reverse the 2018 taxes, at best 2019 taxes,

but that would require a veto override and that is massively unlikely. We are going to be stucj with this until at least 2021.

[pbmus]

7. If the Big Con gets indicted and democrats win majorities

In house and senate....

Why can’t we change this catastrophic klusterf...

[Voltaire2]

8. because we are the sort of fair play idiots who would allow

Pence to take over if Trump exits, or would allow a Agnew->Ford deal as we did in 73.

[onenote]

9. Because even if Trump is out, his successor will be a Republican who will veto

a rollback of the tax bill.

[stuffmatters]

11. Timing is everything. If Pence & Trump out together could be President Pelosi

Gotta synchronize

[onenote]

12. There is basically no realistic chance of that happening.

[D_Master81]

3. 2018

I've heard February but when you go to file in 2019 for 2018 is when people will really notice

[handmade34]

10. will see it in

pay as soon as first of year... taxes taken out of pay will be new schedule... for what that's worth

[Voltaire2]

4. 1/1/2018

Yes everyone will have to use it for 2018 taxes, returns filed by 4/15 2019. Withholding etc will Jan 1 assuming it is signed by then.

[Hoyt]

6. Folks' paycheck withholdings would change in early 2018. So most folks will see a reduction soon

unless you adjust your W4, assuming your income is subject to withholding.