Check out these articles for the latest proposed changes for individual and business taxation. Congress is hoping to make 4 tax brackets instead of the current 7. They are also eliminating some deductions and increasing the standard deduction. Click on the links for all the details.

For individuals:

https://www.journalofaccountancy.com/news/2017/nov/tax-reform-bill-changes-for-individuals-201717806.html

For businesses:

https://www.journalofaccountancy.com/news/2017/nov/house-bill-features-business-tax-changes-201717819.html