Simplify Tax Forms
Current Status: FalteringAs of
As part of the Middle Class Tax Relief And Simplification Act:
"The current number of brackets will be reduced from 7 to 3, and tax forms will likewise be greatly simplified."
In October 2017, the House passed a budget resolution (H. Res. 553 , H. Con. Res. 71) that specified restructuring the tax brackets and simplifying forms, though not giving any specifics. The restructured tax brackets did not carry through the final reconciliation, which retained seven brackets with different rates.
As of this writing there is no word on how tax forms might change due to the 2017 budget reconciliation bill, but given that the bill did not fundamentally change the tax code it is unlikely that tax forms will see any significant changes in complexity.