Tax Guy: Should you prepay your 2018 property taxes and 9 more things to know about the new tax law

The Tax Cut and Jobs Act was passed last month by Congress and signed by President Trump. The final bill reflects some compromises and is substantially different than the earlier House and Senate bills. The new law includes many expected changes, some unexpected ones, and some changes that were expected but didn’t make the cut. Here are the most important things that individual taxpayers need to know.

1. New individual tax rates and brackets

For 2018 through 2025, the new law keeps seven tax brackets, but six are at lower rates. In 2026, the current-law rates and brackets would return.

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