Lawmakers will need to hash out final details on the individual side of the tax code if they want to meet their end-of-the-year deadline to pass tax reform legislation.

Ernst & Young LLP's U.S. tax reform leader Justin Shafer co-hosts an episode of Talking Tax with Bloomberg Tax reporter Allyson Versprille. They are joined in discussing the individual aspects of the House and Senate tax bills by David Kirk and Elda Di Re, both partners in the Private Client Services practice within EY’s National Tax Department.

Kirk and Di Re lay out the differences in the House and Senate bills, controversial proposals related to the state and local tax deduction and the alternative minimum tax, and the planning challenges that individual taxpayers face.

This episode was recorded the morning of Dec. 8. The legislation is subject to change.