New Tax Laws Should Save Families Money Starting January 1, 2018

While the changes to the current tax laws are for the years 2018 through 2025 only, they will affect how much of your income you’ll keep throughout the next eight years.
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Itemized vs. Standard Deductions

With a lower taxable income, you'll pay fewer taxes. The IRS allows for standard deductions that reduce taxable income. These fixed amounts change depending on your filing status.
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