2017 Tax Reform Summary of Major Provisions
2017 Tax Reform Summary of Major ProvisionsTax Rates1. The Act has seven tax brackets (ranging from 10% to 37%): 10%, 12%, 22%, 24%, 32%, 35%, and 37%.2. The 37% bracket would begin at: $600,000 for joint returns/surviving spouses (39.6% rate starts at $470,700 for 2017)3. The 37% bracket would begin at: $500,000 for single and […]