A quick look at some of the biggest tax changes for Californians

Congressional Republicans are framing their tax cut bill as a Christmas gift that will give Americans an average tax cut of $2,059. For Californians, especially in the wealthier areas along the coast, the situation isn’t as clear cut.

When the measure comes up for a vote in the House on Tuesday morning, it’s expected to pass along party lines. At least two Republicans say they will join Democrats in the California delegation to oppose the plan because they fear it will hurt their constituents’ bottom line.

Here’s a quick look at what some of the biggest changes in the tax bill might mean for average Californians.

State and local tax deduction, standard deduction and new tax brackets

A third of California taxpayers take an average state and local tax deduction of $22,000. But the GOP bill will cap the deduction going forward to $10,000.

For many Californians who deduct their state and local taxes on their federal return, this would amount to a tax hike. …

Click here to read the full article from the Los Angeles Times