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Reply to "Face It: You (Probably) Got a Tax Cut"
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[quote=Anonymous]I’m extending our taxes so I don’t know for sure. But I did my parents’ taxes for them, and yes, their tax rate went down from 2017. Their taxable income was $130k in 2017 and they were in the 25 percent bracket (lowest). Their taxable income in 2018 was $180k and they were in the 24 percent bracket (second lowest). Deductions changed a bit, but overall 2018 was better for their bottom line. My husband and I make more so we’ll see. [/quote]
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