5 ways Trump-backed Republican tax bills could affect you

By Jonathan D. Salant | NJ Advance Media for NJ.com

Donald Trump,Kevin Brady

Home Methods and Means Committee Chairman Rep. Kevin Brady, R-Texas, listens as President Donald Trump speaks throughout a gathering on tax coverage on the White Home. (AP Photograph | Evan Vucci)

1.You will lose all, or most, of a key deduction

Orrin Hatch,Ron Wyden,Chuck Grassley,Rob Portman

Senate Finance Committee Chairman Orrin Hatch, R-Utah, middle, welcomes Sen. Ron Wyden, D-Ore., left, the rating member, as Sen. Chuck Grassley, R-Iowa, seated at proper, confers with Sen. Rob Portman, R-Ohio, because the tax-writing panel begins work on overhauling the nation’s tax code. (AP Photograph | J. Scott Applewhite)

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