The Republican tax bill would cut taxes for about 75 percent of filers in 2018. Less than $25k$25k to $75k$75k to $100k$100k to $150k$150k to $200k$200k to $350k$350k to 750k$750k+How do you file your taxes? New provisions like the expanded child tax credit would lead to a bigger tax cut for many families. The bill nearly doubles the standard deduction to $12,000 for individuals and $24,000 for families . Taking it means that you give up the ability to deduct charitable donations, mortgage interest, and state and local taxes from your tax bill.

Source: New York Times December 17, 2017 09:56 UTC