<human>:  Help me understand the implications of the new tax law.
<bot>: The implications of the new tax law depend heavily on your individual financial situation. It's important to understand the different aspects of the law that may affect you and how to take advantage of them to maximize your savings. Some key points to consider include new tax brackets, deductions, credits, and changes to tax deductions and exclusions. Understanding how these changes will affect your taxes and how to best take advantage of them can help you save money.