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Tax Reform Legislation Signed into Law in 2017

President Trump recently signed the tax reform bill into law, and it makes major changes to the U.S. tax code for both individuals and corporations.

1) New individual tax rates and brackets
For 2018 through 2025, the new law keeps seven tax brackets, but six are at lower rates. In 2026, the current-law rates and brackets would return. The temporary rate brackets under the new law are as follows.

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