Deal of art 税改来啦

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Individual tax cuts: 7-rate structure, the same as exists now, with lower
rates and revised bracket amounts. Top rate is 37%
Standard deduction and personal exemptions: Along with the individual rate
cuts, the standard deduction is effectively doubled to $12,000 for single
filers and $24,000 for joint filers. Personal exemptions are completely
Child tax credit: Currently, the child tax credit is only $1,000 per
qualified child, but the new law increases it to $2,000, with $1,400 being
Corporations tax from 35% to 21%
State and local taxes: You can deduct $10,000 in state and local property
taxes or state and local income taxes or sales taxes or a combination
Inherit up to $22 million tax-free
"Pass through" companies get a 20% reduction (up to $315,000)
Mortgage interest deduction gets smaller to $750k cap
Individual AMT: The individual alternative minimum tax (AMT) remains, but
the threshold would be tweaked to exclude any taxpayer with income under $
500,000 or family below $1 million.
Corporate AMT: The corporate AMT, which was preserved by the Senate bill, is repealed. This was a critical concession to businesses eligible for the
research credit.
Estate tax exemption: For 2018, the estate tax exemption can shelter up to $5.6 million of assets from estate tax. This generous exclusion is
effectively doubled to $11 million.
Not changing: student loan deduction, medical expense deduction, graduate
student tuition waivers, Retirement accounts
Ivy 女神已经在其他版面表示满意,不用为退税离婚了。目前他们家大概税率在24%一