Income Tax Rates:The law retained the seven individual incometax brackets. The top rate fell from 39.6% to 37%, while the 33% bracket dropped to 32%, the 28% bracket to 24%, the 25% bracket to 22%, and the 15% bracket to 12%. The lowest bracket remained at 10%, and the 35%...
The Child Tax Credit Using 529 Plans for School Elderly Dependent or 17+ Insurance Through ACA Student Loans $12 Million Estate Tax Relief Changes in Tax Brackets Pass-Through Taxes Taxing Multinationals Corporate Tax Rates What's Permanent and What Isn't?
Now, the SALT deduction has been around a lot longer than you may think. The first federal income tax, way back in 1861 when Abraham Lincoln was president, had only one deduction. And yes, it was the SALT deduction. That deduction returned when the income tax returned in 1894. A...