Tax law changes affect individual tax strategies

Taxpayers have just signed — or soon will sign — their 2017 tax returns, but it isn’t too early to be thinking about how the new federal tax law will affect income and expenses in the 2018 tax year.
Many taxpayers may have already noticed a change to the tax withholdings on their paychecks. For many, the new tax rates have caused decreases in taxes withheld. But not all taxpayers are treated alike — there are too many personal circumstances that come into play to easily predict whether the decreased withholdings will result in a tax obligation…
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