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Dabbs, Hickman, Hill & Cannon, LLP
319 South Main Street, PO Box 727
Statesboro, GA 30459
Phone: 912-764-6951
325 Tattnall Street
Savannah, GA 31401
Phone: 912-233-9004
In the wake of the Tax Cuts and Jobs Act of 2017, individuals will notice a number of changes in federal tax rates, deductions and credits. Most will apply beginning in tax year 2018 and sunset after 2025. Here are a few highlights:TAX RATES LOWER
The headline here is individual tax rates are lower, while brackets are expanded. The accompanying graphic shows the difference for married taxpayers filing jointly. Taxpayers filing as single, married filing separately or head of household will enjoy similar reductions.
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