My taxes would drop ~$1,750 next year with this.
“So they’re still eliminating personal/dependent exemptions?”
I can already say with near certainty that means your AGI is somewhere between $50k and $75k.
That’s the target range for rate reductions.
UNLESS you itemize and have kids.
I see people saying that it’s really going to hurt the middle class. In some cases it will. I think it will benefit most people, however. I’m a single dad and earn about 100-125k. Although I’m not overly fond of this tax bill, my taxes will drop over 2K with it.