When one takes away the personal exemptions of $4,050 per household member, that puts millions of taxpayers into tax hike territory in most states.
Even WITH the increase in the standard deduction.
While many will find themselves in a lower bracket, many also will find themselves in higher brackets.
Did our elected representatives lie to us?
Yes, they did and are STILL lying to us!
Jack the standard deduction up to $24,000 per individual.
They only don’t lie to you when they name a post office . ..only then.