central_va
I get what you are saying....but as an example my itemizations were in and around 24k so whether I itemize or take the new and improved standard deduction is a wash to me. What I do receive though in 2016 was 21k in personal exemptions which are now being eliminated. Also, the increase in child credit is hogwash as it starts to get phased out anyways in and around what my wife and I make. So again, what benefit is this to me even if we take into consideration that our taxable income after deductions goes from 15% to 12%? I see this as a tax increase....am I wrong?
Who said the $4,050 per person exemption is going away? (Ref. Line 42 Form 1040)