What's in the final version of the tax bill?

Sometime this week, the House and Senate are planning to vote on a tax bill that includes elements of legislation passed by each chamber in recent weeks. What’s in the final version of the bill? Here’s a rundown. Tax brackets and rates for individuals The number of tax brackets remains the same, but most income ranges will see decreases in rates and, in many cases, overall tax burden. Notably, the top tax rate is reduced from 39.6 percent to 37 percent. Here’s the breakdown under current law (full tables from the joint House-Senate conference committee here): And here’s the breakdown … >>More
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