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How Trump or Harris tax plans might change your income (slrpnk.net)

submitted 1 month ago by [email protected] to c/[email protected]

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Source https://www.barrons.com/articles/trump-harris-tax-rates-plans-cuts-income-e8db90ee

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[–] [email protected] 50 points 1 month ago (1 children)

I assume this isn't including some of the other things in Trump's proposals like getting rid of tax credits for having a child.

[–] [email protected] 6 points 1 month ago* (last edited 1 month ago)

Also, what he already did. The home office tax credit was dropped for W2 employees as part of his plan. Wasn't really noticed at the time, but circumstances later on meant that a lot of people could have been taking that credit if someone else was President. Amounts to a few hundred a year--not huge, but not nothing.

IIRC, it automatically goes back to the way it was in a few more years assuming nothing else changes.