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How Will The GOP Tax Bill Affect You?
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Douglas Labrozzi
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The GOP tax bill has many changes. Douglas Labrozzi explains how it can affect your taxes.
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How Will The GOP Tax Bill Affect You?
1.
HOW WILL THE
GOP TAX BILL AFFECT YOU?
2.
The GOP Tax
Bill is expected to pass soon. Here are some changes you may see this year.
3.
01 TAKE-HOME PAY Under the
new tax bill, most income tax brackets will see a decrease. This means more money in your pocket.
4.
02 OBAMACARE CHANGE Under the new
bill, you won't need to pay a penalty if you don't have health insurance.
5.
REAL ESTATE DEDUCTIONS Tax deductions
for interest may be cut, and local taxes will be capped lower than they are now. 03 Companies will get tax breaks, which can provide more money to put back into employees. BIG COMPANY BREAKS
6.
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