Will Your Taxes Go Up or Down Under the New Tax Rules?
Congress has approved the most sweeping overhaul of the U.S. tax code in three decades, cutting individual income tax rates and removing a number of breaks and deductions. The plan will become law once President Trump signs it, as he has promised to do. The full bill and supporting materials run to more than 1,000 pages, but here’s a quick look at what’s changing and how your tax bill might change, too, starting with the 2018 tax year. How will your tax bracket change? An imp