What’s in the New Tax Law?

You’re a savvy consumer — kudos for taking the time to inform yourself! The new tax law means changes, such as:

• Bigger standard deductions
• Lower tax rates made permanent
• A new $6,000 deduction for people age 65+
• A higher (for now) State and Local Tax (SALT) deduction
• Expanded child tax credits and new savings options

Source: https://www.fidelity.com/learning-center/personal-finance/one-big-beautiful-bill

Be aware some of the benefits for taxpayers do phase out depending on their modified gross income. For more in-depth information, complete the form on this page and receive a white paper, which provides an overview of the new legislation.