2018 Federal Income Tax Changes and How They’ll Impact You

federal income tax changes - married filing jointly

Instead of paying $7,500 in Federal taxes like we did this year, we’ll only owe $3,000 next year with the new income tax changes. Maybe even less. BOOM!! So what is it about the 2018 federal income tax changes that reduced my tax bill so much? And what will the changes do to yours? Let’s dig through the new tax policies and see how they’ll impact you.

The 2018 Federal Income Tax Changes and How They’ll Impact You

Today is April 9th. Hopefully by this point you have your 2017 taxes taken care of. (If not…you might just want to stop reading this post and take care of your looming deadlines instead…) So let’s start thinking about next year’s filings. How will they be different, and what should we expect in terms of tax amounts owed?

A Quick Summary of the Changes

Mainly, the news media has focused in on . . . → Read More: 2018 Federal Income Tax Changes and How They’ll Impact You