The subject of the new tax law has been debated over the past few months. As the tax season is rapidly approaching, every U.S. citizen wants to make sure that they know every detail of the new law.
While some taxpayers will be more affected, others will go with the same flow as previous years. If you are a retiree, though, there is some essential information you should know. According to experts, most of these laws will likely sunset by 2026, but it all comes down to the decision of the Congresses.
Either way, it never hurts to know more, so here are the main strategies you can apply as a retiree this tax season.