US House Republicans tax bill:
- Would exempt workers from tips from income and tax with exceptions
- Includes exemption on workers overtime pay with exceptions
- Enhanced deduction for senior citizens by $4000 with exceptions
- Raising cap on state and local tax deduction (SALT deductions) to $50,000 from current $10,000 with exceptions
This article was written by Greg Michalowski at www.forexlive.com.
