WHAT’S
NEW IN THE TAX BILL? This is a very generalized summary of the new tax
bill. Every person’s circumstance, income, family size, etc. will
determine the savings (and hopefully not additional tax!) of the changes in the tax laws! LOWER TAX RATE BRACKETS-
This should make your take home paycheck slightly higher, since less taxes will
be taken out. The brackets will drop on average 2 to 3 % each, along with
changes in how much income is taxed at lower
brackets. The higher your income, the more you should save. |