WHAT’S NEW IN THE TAX BILL?
This is a very generalized summary of the new tax bill. Every person’s
circumstance, income, family size, etc. will determine the savings (and hopefully
not additional tax!) of the changes in the tax laws!
LOWER TAX RATE BRACKETS- This should make your take home paycheck slightly higher, since less taxes will be taken out. The brackets will drop on average 2 to 3 % each, along with changes in how much income is taxed at
lower brackets. The higher your income, the more you should save.