1. Tax Law Changes 2017 - 2018 Standard Deduction Single $6,350 - $12,000
Personal Exemption
$4,050 – 0
Standard Deduction Married
$12,700 - $24,000
Child Tax “Credit”
$1,000 - $2,000

2. Tax Law Changes
QBI (Qualified Business Income) Deductible 0 – 20% Our Example $14,000 (BJ) + $26,000 (QBI) = $40,000 $26,000 X 20% = $5,200 Deduction

3. Tax Brackets/Rates
Single 10% - up to $9,525 12% - $9,525 to $38,700 22% - $38,700 to $82,500 Married 10% - up to $19,050 12% - $19,050 to $77,400 22% - $77,400 to $165,000