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Final Tax Bill Keeps Teacher Deduction at $250, Cuts State and Local Deductions

After extensive negotiations, a congressional conference committee has agreed to a final tax reform bill that could impact state and local funding and teachers’ pocketbooks, as well as school choice. The legislation still needs to be passed by both the House and Senate and be signed into law by President Donald Trump, who wants a tax bill to sign before Christmas. Here are a few key details we know about it.