New Tax Plan

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Here's an article on the new Tax Plan Proposal.

No mention of what happens to Personal Exemptions. Are they gone under this proposal? At over $4k a pop that's a big hit especially if you don't qualify for the child tax credit.

At first glance it looks like a big tax cut for the businesses but a possible tax increase for some in the middle and upper middle class.

https://www.usatoday.com/story/news...-puts-new-limit-mortgage-deduction/823088001/

 

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