[SkyPilot]

What Presbyterian Reporter is saying is that the "doubling" of the Standard Deduction is not double, because they entirely eliminated the Personal Exemption. In some cases, families will owe more.

Why the GOP tax plan's big boost in the standard deduction won't be a windfall for some average Americans

[TexasGator]

I agree with you and add that present itemizers may get hit .... but that is not what he was saying.

[Presbyterian Reporter]

Thanks for posting the comparative table between the old and new tax law.

While most people will pay less Federal tax, the changes are not as fabulous as some reporters write.

[BobL]

Old article - the child tax credit increase covered the loss of the exemptions for kids...not to mention the lower tax rates.

Probably best to stick to analysis of what the current law is, not what it might have been, from an article 3 months old, back when they could only speculate.

[Svartalfiar]

What that graphic fails to include is the boost in the child tax credit. That same family of four would get $4000 in tax credits that the solo filer doesn't. Assuming a 20% tax rate, that's the same as an additional $20,000 in deductions. So unless it's a really rich family ineligible for the ctc, the LA Times is complete crap here.