What the New Tax Bill Means for You

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 · So with the new tax brackets, you’ll pay 10% in federal income tax on your first $9,325 of taxable income, 15% on your next $9,326 to $37,950, and 22% on any remaining income up to $91,900. You’re almost definitely better off taking the standard deduction.

The new tax bill passed by Congress on Wednesday and signed into law on Friday is a major coup for U.S. corporations, but a mixed bag of give-and-take for individual taxpayers, with benefits.

The estate tax, while still in effect under the new bill, will kick in at much higher income levels thanks to a doubling of the exemption from the current $5.49 million for individuals to $10.98.

This piece has been updated to reflect the final version of the tax bill. president Trump signed a long-awaited tax bill into law on December 22nd, a few days after it passed the Senate 51-48.

 · If the federal tax bill that the U.S. Senate signed off on in the middle of the night this weekend becomes law, the biggest implications are likely to be for the country’s highest earners and.

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What the New Tax Bill Means for You. The enactment of the Tax Cuts and Jobs Act represents "the most sweeping overhaul of the U.S. tax code in more than 30 years." 1 For millions of Americans and businesses it means an altered financial and investment landscape with new opportunities and challenges in the years ahead.

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What’s in Republicans’ tax plan and what it means for you. By .. ambitious and long-awaited tax bill thursday that seeks to simplify the tax code and reduce corporate rates, the latest step as.

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