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Started By
Message
Posted on 11/29/16 at 4:21 pm to Dawgfanman
quote:
It might reduce the amount of tax credits they get refunded..
Under his tax plan it would. His plan is to raise the standard deduction to 15k (for single filers) and to get rid of the exemption for dependents. But he also wants to give a credit for child care, but I believe there is a limit on the number of children that can be applied to.
Basically, it helps those who single or married with no children, and shouldn't be too much of a hindrance to those who are married with children, but could hurt a single parent with 10 kids...
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