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Part 5: Bigger Deductions Save Nevada Taxpayers

Our 20-part series, Trump’s Big Beautiful Bill: Nevada’s Wins and Losses, brings relief for Nevada’s 1.4 million taxpayers. The “One Big Beautiful Bill Act” (Sec. 1102) raises the standard deduction to $16,000 for individuals, $32,000 for joint filers. A Henderson couple earning $80,000 saves $800 yearly, covering school supplies or a vacation. The CBO projects $500 billion in national tax relief.

Unlike itemized deductions, this helps everyone, from Reno teachers to Pahrump retirees. In 2017, similar cuts sparked a 3% rise in Nevada’s consumer spending. Critics fear deficit growth, but your wallet benefits now. Las Vegas’s 2024 retail surge, with $2 billion in sales, could grow further.

Nevada’s workers juggle high costs in a no-income-tax state. As you save, ponder: Will this ease our financial strain, or is it a temporary fix for deeper economic woes?

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