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The Tax Cuts and Job Act goes into effect and could change the way you file your taxes

The changes could save you more money

COLUMBIA, S.C. — The Tax Cuts and Jobs Act goes into effect this year, and for many it could totally change the way you file your taxes.  

The government’s aim in the new program is to allow a more simple filing process without saving receipts because more people benefit from taking the standard deduction.  

Tax expert and CPA, Donnie Burkett, told News19’s Andrea Mock that the standard deduction will now almost double from $6500 to $12,000 for an individual.  Also Burkett says the child tax credit has doubled from $1000 per child under 17 to $2000 per child.  

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