It’s not a question of whether the most far-reaching federal tax overhaul in decades will impact you, but how much it will impact you, according to personal finance experts.
If you earn an income, if you have money invested in the stock market, if you have dependent children, if you’re saving toward retirement or toward a child’s education, if you own a home or a business, chances are your 2018 federal tax returns will look considerably different than the returns you file for the 2017 tax year.
What’s inside the 1,000-plus pages of the Tax Cuts and Jobs Act of 2017 that President Donald Trump signed into law late last year? Which taxpayers are likely to be impacted most by the sweeping new tax policy? And how to take advantage of some of the positives in the policy, while minimizing the impact of the negatives?