Tax Reform: Don’t Count Your Tax Savings Too Soon

If you’ve been following the twists and turns of the ongoing tax reform efforts moving along in Washington, you’ve likely noticed proponents often repeating a particular theme: tax cuts for middle-class Americans. But tax policy is rarely simple, and it is important to look beyond the headlines to understand if this is really the case. How do Americans age 65 or older fare under the proposed legislation? In an effort to understand the implications of the tax proposals for Americans …