The Tax Cuts and Jobs Act, the law passed on a party-line vote and signed by President Trump last December, has a lot of give and take when it comes to individual taxpayers.

Gone, for example, is the personal exemption of more than $4,000 per taxpayer.

The law replaces that with a doubling of the child tax credit from $1,000 to $2,000, according to Dr. Kristine Tidgren, director of the Center for Agricultural Law and Taxation, at Iowa State University.

“The tax credit is for children 16 and younger,” she noted.

Taxpayers are also getting a surprise when they try to sign up for individual health care policies – significantly higher costs or a requirement that results in their having to pay back the premium subsidy for the Affordable Care Act.

She discussed those changes in a wide-ranging presentation at the Mid-South Agricultural and Environmental Law Conference at the University of Memphis.