LdiJ
Senior Member
What is the name of your state (only U.S. law)? Federal
Ok, Taxing matters posted a link to the entire bill, which I have been reading (and its not easy reading) and I am concerned about something.
I had read several articles that indicated that there were debatable amounts being bandied back and forth for the new standard deductions, and it appeared that the lowest was 12,000 single, 18,000 head of household, and 24,000 MFJ. However, in reading the bill it seems to be reading that the new standard deduction for single is 12,000, MFJ 18,000 and nothing for head of household. If so, this makes this bill even worse for families than I thought. Is anyone else reading it that way or is anyone else reading it differently? Its on page H.R. 1-19 under Part III Tax Benefits for Families and Individuals.
Ok, Taxing matters posted a link to the entire bill, which I have been reading (and its not easy reading) and I am concerned about something.
I had read several articles that indicated that there were debatable amounts being bandied back and forth for the new standard deductions, and it appeared that the lowest was 12,000 single, 18,000 head of household, and 24,000 MFJ. However, in reading the bill it seems to be reading that the new standard deduction for single is 12,000, MFJ 18,000 and nothing for head of household. If so, this makes this bill even worse for families than I thought. Is anyone else reading it that way or is anyone else reading it differently? Its on page H.R. 1-19 under Part III Tax Benefits for Families and Individuals.