Officially called the Tax Cuts and Jobs Act (TCJA), the new tax reform law is more than 500 pages long, so I’ll spare you the gory details. Most of the key provisions likely to affect individual taxpayers take effect in 2018 (for taxes that will be reported by April 2019), but are scheduled to sunset after 2026. Keeping that in mind, here are the essentials you should know about. Individual tax rates: The TCJA replaces the current rate structure with seven rates of 10%, 12%,