What benefits companies could benefit you. :
The Trump-GOP tax plan just announced has the potential to affect retirement savers in fundamental, long-term ways that could be positive for many Americans. The plan is a long way from reality and is likely to see some changes before becoming law. • A near-doubling of the standard deduction, the first dollar of income taxed, to $12,000 per individual and $24,000 for married couples There’s more, such as a possible refundable child tax credit and the repeal of the estate tax, but let’s focus on what happens to the retirement investor.