As we enter a new year, there are some things to keep in mind when filing for taxes. 

Changes made by Congress have altered the processes for tax years beginning after Dec. 31, 2017 and many provisions for individuals are expected to expire in 2025.

Edward Jones wants to help individuals understand the changes that include reduced individual income rates, increased standard deduction and child tax credits, and a reduction in corporate tax rates.

The new tax bill will not affect the capital gains of individual investors, and charitable donations will stay deductible. No changes will be made to retirement plans and IRA options, nor have there been any changes to contributions limits or distribution requirements.

Lower individual income tax rates will be put into place with the top marginal rate decreasing to 37 percent from nearly 40 percent.

Additionally, some of the changes include reduced corporate tax rates, increased estate and gift tax exemption and sustained economic growth for the market.