[Presbyterian Reporter]

“””At the same time, it doubles the standard deduction to $12,000 for a single taxpayer and $24,000 for a family”””

---

There are lots of lazy journalists.

The Standard Deduction was not doubled. No, the Personnel Exemption was removed as a separate item and included with the Standard Deduction.

For many families the Personnel Exemption was $8,300 and the Standard Deduction was $13,000 for a total of $21,300.

Many families will get an 11% increase in their Standard Deduction in the new tax law.

[grania]

I read somewhere that the extra deduction for Seniors and the blind of $1300 was preserved. If that’s true, for a single senior (my category), I think it means I get to deduct $13,000. Because I’m upper poor, the remaining taxable income will fall into the 10% category. For me, it’s a slight advantage. What’s good for the economy is that these slight boosts for a great part are spent in the local economy.

[SkyPilot]

The Standard Deduction was not doubled. No, the Personnel Exemption was removed as a separate item and included with the Standard Deduction. For many families the Personnel Exemption was $8,300 and the Standard Deduction was $13,000 for a total of $21,300. Many families will get an 11% increase in their Standard Deduction in the new tax law.

Unfortunately, you are correct.

[TexasGator]

“The Standard Deduction was not doubled. No, the Personnel Exemption was removed as a separate item and included with the Standard Deduction.”

Twisted logic.

[Bonemaker]

“There are lots of lazy journalists.

The Standard Deduction was not doubled. No, the Personnel Exemption was removed as a separate item and included with the Standard Deduction.

For many families the Personnel Exemption was $8,300 and the Standard Deduction was $13,000 for a total of $21,300.

Many families will get an 11% increase in their Standard Deduction in the new tax law.”

It’s just a shell game. Watch what it does to your taxable income and your resultant taxes.