When does the 2017 tax plan take effect?
The individual and pass-through tax cuts fade over time and become net tax increases starting in 2027 while the corporate tax cuts are permanent. This enabled the Senate to pass the bill with only 51 votes, without the need to defeat a filibuster, under the budget reconciliation process. The House passed the penultimate version of the bill on December 19, 2017, though for Senate procedural reasons small changes were needed and a revote was held in the House. The Senate passed the final version on December 20 in a 51–48 vote and that final version was passed by the House of Representatives on that same day. The bill was signed into law by President Donald Trump on December 22, 2017. Most of the changes introduced by the bill went into effect on January 1, 2018, and did not affect 2017 taxes.
When will the 2017 tax plan begin to take effect?
January 1, 2018
Tax Cuts and Jobs Act of 2017
No context provided
When will the 2017 tax plan begin to affect people?
tax filing - April 17, 2018
Tax Cuts and Jobs Act of 2017
https://en.wikipedia.org/wiki/Tax%20Cuts%20and%20Jobs%20Act%20of%202017
The 2017 tax plan began to take effect on January 1, 2018, while the plan began to affect people on tax filing - April 17, 2018.