Latest News
The Tax Cuts and Jobs Act: A Look Under the Covers
Fox Business reporter Casey Dowd, in a post today on www.foxbusiness.com, examines the short- and long-term implications of the recently-implemented “Tax Cuts and Jobs Act,” explaining that there will likely be an uneven impact on seniors going forward. While some may benefit in the near term from lower tax rates, he observes, the longer range shift to a chained CPI as the base for calculating changes in the standard deduction will likely mean that “people will get pushed into higher tax brackets as more income becomes taxable.” Check out his post here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.