2017 VS. 2018 TAX BRACKETS
The Standard Tax Deductions for 2017 are changing for 2018.
These should benefit many of you filing your 2018 Tax Returns by April 15, 2019. * See the charts below showing the comparison of change from 2017 to 2018.
Most Tax Brackets and Tax Percentages improve for most Net Incomes. There are a couple of Tax Brackets that remain flat at 0% with no change. And Some Tax Brackets have been widened to a larger band of Net Income.
Single Taxpayers – Standard Deduction improves by $5,650 to a 2018 Deduction of $12,000!
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Married Filing Jointly / Surviving Spouses Taxpayers – Standard Deduction improves by $11,500 to a 2018 Deduction of $24,000!