An alternative tax plan may increase the usual deduction from up to $4,000
A proposal that aims to temporarily increase the standard tax deduction utilized by a large number of taxpayers by $2,000 for each individual for the following 2 years has been approved by a House subcommittee. According to the Tax Cuts for Working Families Act (H.R. 3936), which was just passed by the House Ways and Means Committee, … Read more