tax code changes

How the Temporary Tax Plan Can Boost Your Standard Deduction by Up to $4,000

Editor1 year ago1 year ago016 mins

The Tax Cuts for Working Families Act (H.R.3936) recently approved by the House Ways and Means Committee has the potential to bring substantial tax relief to American households. This temporary tax plan aims to expand the standard tax deduction, benefiting the majority of taxpayers with an increase of up to $4,000 for married filers, or…

Boosting Your Standard Deduction: Understanding the Temporary Tax Plan

Editor1 year ago1 year ago013 mins

In a recent development, the House Ways and Means Committee has passed a bill that has the potential to significantly impact your standard deduction, potentially providing you with substantial tax savings. The Tax Cuts for Working Families Act, also known as H.R.3936, proposes to temporarily expand the standard tax deduction for most taxpayers in the…

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How the Temporary Tax Plan Can Boost Your Standard Deduction by Up to $4,000

Boosting Your Standard Deduction: Understanding the Temporary Tax Plan