In early November, the House GOP leaders took their biggest step yet in their attempt to overhaul the U.S. tax code by releasing legislation that proposes sweeping changes to the current system. The proposal unveiled a new top tax rate, new tax brackets, a lower corporate rate and a compromise on the state and local tax deduction. The implications of tax changes are widespread. The question that most households are asking is: “How is it going to affect me?” One of the changes in the spotlight … [Read more...] about Understanding the Impacts of Tax Reform Legislation