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What are some of the most important things I need to know about the new tax law?
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1. The new tax law will likely affect many different types of taxpayers, including individuals, businesses, and non-profits.
2. The new law includes a number of changes that may impact your taxes, such as increased standard deductions, lower individual income tax rates, higher corporate tax rates, and more generous child care credits.
3. It's important to review your current situation and make sure you understand how the new law affects you before filing your taxes.
4. You may be eligible for additional tax breaks if you have children or other dependents, so it's important to keep track of these details throughout the year.
5. Be sure to consult with a qualified tax advisor to ensure you're taking advantage of all available tax benefits.