Wealthy Americans Are Already Trying to Exploit the New Tax Law
The legislation changes incentives on homeownership, commuting, and even marriage and divorce.
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Republican lawmakers said they wanted to simplify the tax code so you could file your return on a postcard. It turns out the new tax law will be anything but simple for many affluent Americans, who are now inundating their accountants for advice.
“They made it a lot more complex for a lot of people,” said Jody Padar, chief executive officer of New Vision CPA Group in Mt. Prospect, Illinois.