Higher standard deductions mean filers may see less tax liability in 2018!
by Willie Sims on 12/10/18
Standard tax
deduction amounts will increase from 2017 to 2018 tax season. The deductions
will almost double for taxpayers. For single filers,
deductions will increase from $6,350 to $12,000, while married couples filing
joint will see an increase in deductions from $12,700 to $24,000. These increases
will mean that fewer people will itemize.
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