Dec 18, 2017

The New Tax Bill's Winners and Losers. Merry Christmas if you take standard deduction

 Consumer Reports:

Among the winners: Taxpayers who take the standard deduction. About 70 percent of Americans fall into this category. A near doubling of that deduction to $12,000 for individuals, $18,000 for heads of household, and $24,000 for joint filers—combined with some more generous tax brackets and rates—would mean less tax taken from most individuals’ and families’ paychecks, according to multiple analyses.

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