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This act, passed in late 201 raised Section 1to 5000 and also made it permanent.
Trump Tax Plan: Details and How It Affects You - SmartAsset Jan 1 20Trumps tax plan originally called for cutting the number of tax brackets in the federal income tax system from seven to four, but the final version of the bill maintains the seven brackets. Two Views on How Trumps Tax Cuts Have Worked Out - WSJ Two Views on How Trumps Tax Cuts Have Worked Out A White House insider describes a marked shift in the labor market, while an outside economist sees a short-term boost and a lasting deficit.
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