If I plug last year's numbers into this plan and take the standard deduction I'd pay about $200 more in taxes under the new plan than I did last year. I itemized last year, and I probably couldn't under the new plan due to changes in SALT deductions so that is probably about where I'd be at. Luckily for us, Karen and I plan on getting married next year. Under this plan that will cut our combined taxes by about $4360 over filing separately because more than $36,000 of our combined income would be taxed at 12% instead of 25%. I'm not sure what our combined taxes would look like under the current plan.
Save a life. Adopt a greyhound.