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Originally Posted by HemiEd
Seriously though, did anyone get a Federal tax hike? Lots of blue states with tax increases on that level though. Just saw a deal on Connecticut passing another one.
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Really the only guy that got screwed compared to last year is if you had a C Corp making less than 50,000. That tax increased. Other than that there is a set of facts that can lose a guy a little bit because the exemption went away and was replaced with a higher Child Tax Credit. But most of those are offset by lower brackets and higher standard deduction.
From what I can tell there aren’t many folks going backward on Federal this year.