One: I don’t think a tax bill that looks like the Admin’s Framework can get done.
Two: The Framework is missing income thresholds for new proposed rates and for the child tax credit, so some serious unknowns remain.
With those things out of the way:
Are you a married couple who do not itemize (if you don’t itemize, you’re probably not a homeowner)? Good news. The framework “doubles” the standard deduction from $12,800 … Read the rest