Tax reform is something that has been talked about for a long time and as of last week we got a barebones outline of the proposal. Let’s take a look and see how the most recent House proposals might impact you come tax time.
The House bill consolidates our current 7 brackets in to 4:
- 12% (on the first $45,000 of taxable income for individuals; $90,000 for married couples filing jointly)
- 25% (starts at $45,000...