During his first term, President Donald Trump launched a monumental piece of legislation known as the Tax Cuts and Jobs Act (TCJA). For his current term as the 47th president, Trump has said he plans to make key provisions of the TCJA permanent in addition to making sweeping changes to the tax code. These include eliminating taxes on Social Security benefits for seniors and on overtime pay.
So let’s take a closer look at what these and other proposals could mean for you and your wallet.
