Surprise! Tax Reform Didn't Kill These 2 Obama-era Taxes

The tax reform bill that became law last December did a lot to reduce tax burdens for many taxpayers. Corporations got a clear benefit from seeing their typical tax rate reduced from 35% to 21%, while reductions in tax rates for most income tax brackets and increases to the standard deduction and the child tax credit helped to offset the loss of key itemized deductions for individual taxpayers.Yet tax reform didn't do as much to simplify the income tax system as many had hoped, and several more complicated provisions of the tax laws remained in place.

Topics:  december   images   taxes   tax reform   income   place   taxpayers   

 

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