Starting this year, the Internal Revenue Service is making a series of important changes including cost-of-living adjustments for retirement savings, as well as inflation changes for certain tax provisions. That, along with other law and tax changes recently approved by President Trump (which are quite controversial right now), make us all be more careful and consider our options at least twice.
Here are some of the biggest changes you should be aware of.
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2 thoughts on “7 Important Tax Changes That Will Change Your Life In 2018”
One item NOT covered is the exclusion of fees and expenses charged by managed retirement portfolio providers. The loss of these deductions will dramatically affect my disposable income. As a retiree I live on SS and a small income from my retirement account.
Thus, seniors are given the shaft in this new tax bill.
JY
Its not controversial here. NOT ONE DEWMOCRAT voted to give me a tax cut, NOT ONE. They will be remembered next November. With friends like that we don’t need an enema. (I did not misspell that word) And people vote for these morons??
I cannot say it any more distinct than that.