Income tax brackets are set to change in 2018 under the Republican tax bill. The bill proposes keeping seven tax brackets, but the income ranges will change. It also eliminates the personal exemption and increases the standard deduction. Congress has passed the massive Republican tax bill.
The bill, called the Tax Cuts and Jobs Act, is heading to President Donald Trump's desk for a signature to enact it, though it's unclear when that will happen. The bill is set to make sweeping changes to the tax code for businesses and, on average, American taxpayers. Here's how this new tax plan will change federal income tax brackets in 2018 compared with those in 2017. First, for single filers: 10%: $0 to ...
Continue..
The bill, called the Tax Cuts and Jobs Act, is heading to President Donald Trump's desk for a signature to enact it, though it's unclear when that will happen. The bill is set to make sweeping changes to the tax code for businesses and, on average, American taxpayers. Here's how this new tax plan will change federal income tax brackets in 2018 compared with those in 2017. First, for single filers: 10%: $0 to ...
Continue..
SHARE THIS POST
0 comments:
Post a Comment