Ewa skibinska 2017 federal tax

Summary of Federal Tax Law Changes for 2010-2017

The article below is accurate for your 2017 taxes, the one that you file this year by the April 2018 deadline, including a few retroactive changes due to the passing of tax reform.

2017 Instruction 1040 TAX TABLES - Internal Revenue Service

Some tax information below will change for your 2018 taxes, but won’t impact your 2017 taxes. Learn more about tax reform here.

Many of the tax breaks in recent tax-relief bills were designed to be phased in over a number of years, or are indexed to inflation. To help you determine how these tax laws affect your long-term planning, this article explains the changes scheduled to come into effect through 2017.

Key Takeaways

Many of the tax breaks in tax-relief bills were designed to be phased in over a number of years, or are indexed to inflation.
The 10 percent, 15 percent, 25 percent, 28 percent, 33 percent, and 35 percent tax brackets all kick in at income levels that are higher than they were in 2009.
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