This chart does a nice job showing the prior laws, the competing Senate/House proposals for change and how things were resolved during the reconciliation process to create the new laws to go into effect beginning in 2018.

Missing from the chart is discussion of the changes to §529s.  Previously distributions in order to qualify for tax-favored status had to be for college.  The new law allows up to $10,000/yr for K-12 expenses.

When you’re done being informed, pleased, annoyed or whatever you can put aside the chart and read about whether zombies pay taxes.  That’s right, zombies.  There’s a school of thought about what happens when those opting for cryogenics come back from the dead.  Now that’s light-hearted holiday reading!