The Top 10 Tax Changes in 2018
October is a big month for nearly all Americans. The Social Security Administration releases updates to benefits that affect more than 61 million people, and the Internal Revenue Service (IRS) updates its tax code, allowing all taxpayers a look at what to expect for the upcoming year.
The U.S. tax code is complicated. According to the Tax Foundation, the code had reached nearly 10.1 million words as of 2015, and it's grown by an average of 144,500 words per year over the previous six decades. To put that into context, we're talking about enough words to fill 157 novels. Thank goodness for tax-preparation software and tax professionals.
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Source: Fool.com
