The U.S. Senate and House have both approved a tax cut bill that will be heading to the President’s desk. But how will it affect your wallet?
Steve Henry is the owner of CSH Investment Management in Taylorville. He says some of those who have itemized on their taxes in the past may now find it more beneficial to tax the standard deduction.
Henry says those who want to know how they will be affected should contact their tax person.
Henry says even with the bill’s passage, it may be years before we see how much the bill affects the American economy.