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GOBankingRates talked to experts to get the scoop on what might be coming down the pike.
Potential Expansion of Earned Income Tax Credit
Heres some potentially good news.
This could put more money in the pockets of lower-middle-class families.
Changes to the Standard Deduction
Carpenito warned that the current substantial standard deduction could be reduced.
Modifications to Child Tax Credit
Got kids?
This could impact family budgets significantly, especially for those with multiple children.
The Bottom Line
While electionscanimpact our finances, theyre just a small piece of the puzzle.
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