Will my 2017 tax return fall under the new GOP tax plan?

[xmasbaby0]

No.  There are only a few changes for 2017--the medical deduction threshold is 7.5% instead of 10% of AGI.  The real changes will happen when you file for 2018.

[jloberg1-]

<a rel="nofollow" target="_blank" href="https://www.msn.com/en-us/money/personalfinance/make-these-5-moves-now-before-the-new-tax-law-kicks-...>

News like this made me believe the new rules will apply for my 2017 tax calculations.

[TaxGuyBill]

That is because some of those items change for 2018, so doing those in 2017 (before the changes take effect) will work out better for many people.

[TaxGuyBill]

As xmasbaby pointed out, most things don't take effect until 2018 (tax returns filed early in 2019).

The few noteworthy items I noticed that do affect 2017 (but don't affect most people) are (1) 7.5% limit for Medical Expenses (down from 10%), (2) Increased Section 179 limits for business assets, and (3) 100% Bonus depreciation for newly purchased business assets after September 27th, 2017 (and it is allowed for newly purchased "used" property).