The new tax cuts and spending law signed by President Trump on July 4 could provide savings for all income groups, an analysis finds.

Because the deduction starts to phase out for single filers earning over $75,000 and married couples making over $150,000 — with full disqualification at incomes above $175,000 for individuals and $250,000 for couples — the Urban-Brookings Tax Policy Center projects that middle- and upper-middle-income households stand to gain the most.

WASHINGTON >> President Donald Trump’s tax-cut package cleared its final hurdle in the U.S. Congress today, as the Republican-controlled House of Representatives narrowly approved the massive bill and sent it to him to sign into law.