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Tax Reform 2020 – Tax Reform Individual Tax Rate Schedule

Child Tax Credit increases, no more personal tax exemption, no more educator expenses, no more alimony tax deduction, tax rate changes, and much more. Scroll down for the Tax Reform Individual Tax Rate Schedule. See all the changes to your 2020 Tax Refund – 2019 Tax Return. Increases the Child Tax Credit: The Child Tax Credit is increased from $1,000 to $2,000 per child (first $1,400 is refundable). The credit will start to phase out at $400,000 and more than $200,000 for other taxpayers. This increased amount would phase out in eight years. Eliminates the Personal Tax Exemption: The doubled

The post Tax Reform 2020 – Tax Reform Individual Tax Rate Schedule appeared first on IRS Refund Schedule 2020.



This post first appeared on IRS Refund Schedule - 2016 IRS Refunds - Where's My Refund, please read the originial post: here

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Tax Reform 2020 – Tax Reform Individual Tax Rate Schedule

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