Tax Reform Clears Senate Hurdle

Congress has been working earnestly in the last several weeks on the most comprehensive changes to the U.S. tax code since 1986.

This legislation – the “Tax Cuts and Jobs Act” – cleared a critical hurdle late last week with approval by a close margin in the Senate. The Senate and House versions, with their respective differences, are now being reconciled into a signal piece of legislation to be presented to President Donald Trump for his signature.

ECFA will continue to provide updates on tax reform and the consequences for churches and ministries, as the legislation is poised to take its final form in coming days. Follow ECFA to stay current with the all latest developments.

This text is provided with the understanding that ECFA is not rendering legal, accounting, or other professional advice or service. Professional advice on specific issues should be sought from an accountant, lawyer, or other professional.


Follow @ecfa