5280 Magazine

Grasp The Financial Implications

CHECKS WITH LOTS OF ZEROS

Tax Cuts And Jobs Act

assed in 2017, this legislation nearly doubled the standard deduction (from $6,500 to $12,000 for individual filers, and from $13,000 to $24,000 for joint filers) and placed new limitations on itemized deductions, which means most Americans will no longer reap tax benefits

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