Tax and spending bill scaled down to pass Senate
Following months of negotiations, Democratic leadership in the Senate announced last week they reached a deal on a tax and spending bill.
Following months of negotiations, Democratic leadership in the Senate announced last week they reached a deal on a tax and spending bill.
Although not included in the initial proposal, Congress is considering making changes to the SALT deduction.
Challenges can emerge for investors who have not planned for the impact of taxes on retirement income.
Taxpayers may find some provisions of tax reform more complex as deductions shift significantly under the new law.