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Thursday, December 21, 2017

How will new tax bill affect you?

BALTIMORE — There are certainly strong opinions on both sides of the proposed tax bill, but most taxpayers are just trying to make sense of how the changes will affect their time and money. Tax time is a complicated and stressful process for most people, and the new proposed tax bill undoubtedly sparks uncertainty.

Will I lose money? Will I gain money? How do I prepare?

These are all questions tax experts expect to hear from their clients regarding the new proposed tax bill.

"Citizens who don't itemize -- this doubling of the standard deduction will help them," said Pam King Smith, with King, King & Associates, PA.

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3 comments:

Anonymous said...

My taxes are going down. Same with almost everyone in my family, outside of high property tax states.

Anonymous said...

Yippie for Trump and his family. They are big winners...HUGE

Anonymous said...

Been waiting a long time for corporate taxes to go down thanks president.