Tag: $175000

30 NOV

Here’s what the Senate Republicans’ tax plan means if you’re making $25,000, $75,000, or $175,000 a year

Your Money editor Lauren Lyons Cole compares the Senate and the House’s tax reform proposals and how they may affect your take-home pay. Following is a transcript of the video. Lauren Lyons Cole: Tax reform is inching forward. Currently there are two separate versions of the plan. The House has already introduced and passed their […]

08 NOV

Here’s what Trump’s new tax plan means for a family making $25,000, $75,000, or $175,000 a year

Chung Sung-Jun / Getty President Donald Trump’s tax plan could reduce taxes for most Americans, while increasing taxes for others. Exactly how your tax bill could change depends on many factors, including whether you itemize deductions. In the chart below, we’ve calculated potential tax savings for a family of four at different income levels.   […]