Are Tax Laws Changing For 2020?
Are Tax Laws Changing For 2020? The standard deductions were increased for inflation in 2020: Single and married filing separately filers: $12,400. Married couples filing jointly: $24,800. Head of household filers: $18,650. Are tax laws changing for 2021? Increase the corporate income tax rate from 21% to 28%. … Impose a minimum 15% corporate income