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Recent tax reform made many changes, mostly in the form of capping or limiting deductions. BUT, the trade-off is the standard deduction nearly doubled (ex. $6,350 to $12,000 for individuals)
By Anthony Park5
1818 ratings
Recent tax reform made many changes, mostly in the form of capping or limiting deductions. BUT, the trade-off is the standard deduction nearly doubled (ex. $6,350 to $12,000 for individuals)