2018 exemptions and deductions

In addition to changes to the tax rates changes, assuming that the Tax Reform bill passes by the end of 2017, 2018 will also see large changes to the system of deductions. Standard Deduction Amounts For 2018, the standard deduction amounts will increase to $12,000 for...

2018 Individual Tax Rates

Big changes are proposed for individual’s tax rates and deductions for 2018. The following are based upon the assumption that the current Tax Reform Bill will be written into law before the end of 2017. Tax Brackets and Tax Rates. There will still be 7 tax rates,...