Are you one who dreads or looks forward to the day of April 15th? There is no way avoiding it, taxes! Mike goes over the impact of the new tax cuts. What has it done for our economy and what does it mean for individuals? This season is the first-time taxpayers will file under the Tax Cuts and Jobs Act. This overhaul of the tax code roughly doubled the standard deduction from $12k for singles, eliminated exemptions and limited itemized deductions.