Because these deductions reduce your taxable income, they're the most beneficial for people in the highest tax brackets. A $1,000 deduction from income is effectively worth $100 to someone in the 10% tax bracket. The same deduction is worth $350 to someone in the 35% bracket.

WASHINGTON (AP) — The budget bill championed by President Donald Trump could complicate next year’s tax filing season after the IRS lost one-quarter of its employees through staffing cuts, an independent watchdog reported Wednesday.

Less than 30% of voters support the bill in three national polls by Pew , Quinnipiac and the Washington Post-Ipsos in late June, but one provision has been consistently popular: Trump's campaign promise to end the taxes on tips and overtime.