There are still 7 tax brackets, however, rates and income levels have changed... click here
The standard tax deduction will nearly double
You can use them to pay for private school fees at elementary and secondary schools.
This deduction has been reduced from $1 million to $750 thousound...
Writing off 100% of State and Local taxes have been limited to $10,000 on property taxes, plus sales and income taxes...
The penalty for not having health insurance no longer applies..
Unlike the corporate tax cuts, many tax benefits for individuals will expire in 2027... click here
