Send us a text The big, beautiful tax bill brings welcome news for taxpayers with lower tax brackets being preserved, an increased standard deduction, and a higher child tax credit of $2,500 per child. Seniors will especially benefit from an additional $6,000 deduction per person regardless of whether they itemize or take the standard deduction. • Lower tax brackets from the Tax Cut and Jobs Act will remain in place • Standard deduction stays at $15,750 for single filers and $31,500 for marr...
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