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Research the tax law before and after the major tax overhaul in 2017 and answer the following questions: 1.Compare and contrast (old tax law vs.new
Research the tax law before and after the major tax overhaul in 2017 and answer the following questions:
1.Compare and contrast (old tax law vs.new tax law)the individual mandate penalty.In other words,what was it in 2017?What is it for 2023?
2. What was the standard deduction in 2017? What is it for 2023?
3. What individual deductions are no longer allowed for 2023? What individual deductions are allowed in 2023?
4. What personal exemptions are allowed in 2023 as compared to 2017?
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