Music, what is this? Fun hello! Wonderful, this is Suzanne, protecting taxpayers by empowering and illuminating them with easy-to-understand tax information. Today, I want to talk about the tax reform and many of the changes for the tax year when you do your taxes in 2090. I just want to start with tax withholdings. It is effective January 1st, 2018, and the tax withholding table is now lower. So, your employer is changing it. As an employee, you don't have to do anything. Your employer has until February 15, 2008. This means that you're going to get more money in your paycheck. These withholdings only apply for federal taxes, not Social Security or Medicare. Another change is the federal tax rate. It has changed drastically for the first time in 30 years. Here is a comparison to help you understand the tax rate changes from 2017 to 2018. If you make $157,500, you are in a 3% lower tax bracket compared to the previous year. For married filing jointly, if you make less than $400,000, you will also be in a 3% lower tax bracket compared to last year. If you make more than that, the AMT threshold has increased to $1 million for married filing jointly and $500,000 for singles. This is good news for those who pay extra tax. The Child Tax Credit has also increased to $2,000, and there is a new credit for other family members. There are changes to the deduction amounts as well. The standard deduction has increased significantly. For married filing jointly, it is now $24,000 instead of $12,700, and for singles, it is $12,000 instead of $6,350. However, the personal exemption is gone. For mortgage interest deductions, there is now a $10,000 cap on houses that are $750,000 or less. If you purchase a house...