Republicans leave 401(k) contributions intact in sweeping tax plan

The Tax Cuts and Jobs Act would reduce the number of tax brackets from seven to four, maintaining the top marginal rate at 39.6 percent, and almost double the standard deduction, the amount that can be removed from one's income before taxes. Under the bill, the country's corporate tax rate would be permanently reduced from 35 percent to 20 percent.

CLICK HERE FOR MORE

title

Content Goes Here