Many Americans engage in end-of-the-year tax planning, but 2017 is shaping into an unusual exercise in strategizing given the Republicans' massive tax overhaul, which could be signed by President Trump before Christmas Day.
The legislation will impact almost every American by changing their tax brackets and limiting or curtailing some popular deductions. Key to understanding the tax reform effort is that its provisions largely take effect on January 1, which means taxpayers have only a few remaining days in 2017 to make adjustments that will benefit their tax filing for this year.
