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With the new tax plan now in effect, Americans at most income levels will eventually get some relief. I joined CBS This Morning to discuss what to do with that extra money every month and why you shouldn't count on getting the same tax refund next year.
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At long last, the House Republican tax plan (the “Tax Cuts and Jobs Act”) is out and it is a huge and confusing bill. Contrary to promises of simplifying the tax code, it is just as dense and complicated as the current system. Winners and losers will be determined on a case-by-case basis, depending on where you live, whether you itemize deductions and how you earn your money.
