Reuters: U.S.

Friday, December 22, 2017

At a glance: What the new tax law means for you

President Trump has signed into law one of the most significant tax reform bills in decades
 
CNN
At a glance: What the new tax law means for you

President Trump has signed into law one of the most significant tax reform bills in decades, leaving many Americans wondering: What does this mean for me? CNN has you covered.

The effect of the tax bill on individuals depends on many things. This handy chart breaks down your 2018 tax bracket compared with 2017. And this calculator offers a glimpse of how the bill might affect your paycheck. 

Did you know that you won't be able to file your tax return on a literal postcard? Find this and other key facts about the new bill here.

Here's a breakdown of how the tax bill will impact some groups: 
• Senior citizens
• Millennials
Puerto Ricans
Homeowners
College students
Parents who send their children to private elementary and high schools
• Businesses and corporations
Hedge fund managers
Nonprofit executives
The booze industry
• Relations with Europe
The trade deficit

And if you still have questions, we'll be answering them until April 2018. Go here to ask

 
 

No comments:

Post a Comment