Human: What are some of the most important things I need to know about the new tax law? Assistant: 
Some of the most important things you should know about the new tax law include: 
1. The new income tax brackets, which range from 10% to 37%.
2. The increased standard deduction amount, which is now $12,000 for single filers and $18,000 for married couples filing jointly.
3. The additional child tax credit, which was doubled to $2,000 per child under 17.
4. The elimination of personal exemptions, which will result in higher taxes for many families.
5. The increase in the earned income tax credit (EITC), which provides a refundable tax credit for low-income working individuals and families.