Nobody likes taxes. That’s a fact of life, and even though Tax Day was last week, many people are still reeling from the stress and agony. Fortunately for them, Congressman Republican Jody Hice of Georgia’s 10th district has announced that some new policies will be helping to improve the tax code, starting next year.
On April 19, Covington News uploaded an opinion piece by Hice outlining these new tax code policies.
Due to the Tax Cuts and Jobs Act:
• There will be a nearly doubled standard deduction, which has increased to $12,000 from $6,350 for individuals and to $24,000 from $12,700 for married couples.
• Rates will be cut “across the board to institute a fairer and flatter tax system so that more of your money will be taxed at lower rates — regardless of your bracket.”
• People will keep more of their paychecks due to lower federal withholding rates.
According to Hice, the Tax Cuts and Jobs Act “is a big step in the right direction toward simplifying the tax code and decreasing government involvement in how and where we spend our hard-earned cash. Come next April 15, most people will be paying less money and spending less time on their taxes, and that’s a real win in my book.”
If things go according to Hice’s plan, taxpayers in Georgia next year should have a much easier time with taxes.