Tax provisions that were eliminated

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Personal exemption deductions are suspended. Phase-out of itemized deductions based on adjusted gross income (AGI) is suspended Itemized deduction for home equity interest (other than acquisition debt) is no longer allowed. Itemized deduction for miscellaneous itemized deductions subject to the 2% floor is no longer allowed. Examples include investment expenses unreimbursed employee business expenses and […]

2018 Individual income tax brackets

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Single MFJ or QW $0 to $9,525 10% $0 to $19,050 10% $9,526 to $38,700 12% $19,051 to $77,400 12% $38,701 to $82,500 22% $77,401 to $165,000 22% $82,501 to $157,500 24% $165,001 to $315,000 24% $157,501 to $200,000 32% $315,001 to $400,000 32% $200,001 to $500,000 35% $400,001 to $600,000 35% $500,001 and over […]