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Individual Tax

The 2017 tax act reduced the top marginal rate for individual ordinary income, increased the amount of the standard deduction, repealed personal exemptions, and capped the deduction for state and local sales, income, or property taxes at $10,000, among other changes. However, most provisions affecting individual taxation are set to expire after Dec. 31, 2025, and revert to pre-existing law. Follow our news feed below to keep track of recent developments.


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