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Senate passes tax reform bill: Here is what you need to know…

Senate passes tax reform bill: Here is what you need to know…

by admin | Dec 23, 2017 | Resources

INDIVIDUALS: Tax rates: The new law lowers tax rates for individuals and adjusts the bracket amounts. For 2018 through 2025, the tax rates are 10%; 12%, 22%; 24%; 32%; 35% and 37%. Standard deductions: The standard deduction is effectively doubled to $12,000 for...

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