Raising the standard deduction is actually really good because it helps low income individuals the most. Someone with a million dollars income won’t see much difference in their tax rate, but for low income individuals it can represent significant increases in take home income
Which was great and all until trump raised the Standard Deduction, so now you have to donate a lot more for it to count towards your taxes.
I know most people don’t donate for tax purposes, but it does remove an incentive.
Raising the standard deduction is actually really good because it helps low income individuals the most. Someone with a million dollars income won’t see much difference in their tax rate, but for low income individuals it can represent significant increases in take home income