As a result of increases in deductions, including a doubling of the standard deduction, she may also get more money back after filing her 2018 taxes next spring.
The study, first reported this week in Le Monde, proposed several means of addressing the gap, including an increase in payroll deductions, a reduction in the average pension, or adding six months to the retirement age.
House Republicans have proposed an alternative package including a 5% income-tax cut, a freeze on dividend and capital-gains taxes and a hefty increase in the deductions families can claim for children.
As we mentioned above, a reform in 2003 increased the tax deduction applied based on the number of children and the tax deduction for each child aged less than three years old.12 According to Azmat and González (2010) the effect of the increase in child deductions on mothers' employment was negative.
An increase in the deduction for entrepreneurs' start-up expenses in 2010.
Along with more than 60 other conservative Republican representatives, they proposed larger rate reductions than those in the Bush plan, a lower capital gains tax rate, more generous tax relief to married couples, a quicker elimination of the estate tax, more generous tax advantages for retirement accounts, a repeal of the telephone excise tax and an increase in the deduction for business meals.
Partly offsetting those moves are the increases in charitable deductions — a trend that at first seems counterintuitive.
This includes zero capital gains for those who buy and hold small business stocks for five years, higher deductions for buying new machines and equipment, and an increase in the maximum deduction for startups.
Mr. Clinton's proposal is built around a similar increase in the standard deduction.
Other new state laws include an increase in the standard deduction for married couples to $14,600 from $14,200.
