My wife works for a company of about 500 employees and they give out a yearly bonus based upon profits the company made.
Any idea if the new corporate tax cut would impact this? And perhaps how much impact it may have?
in 2016 she got a $1500 bonus, 2017 $4500, so I'm hoping to see a nice bump assuming her company did at least the same prior to tax cuts.
Do you have retirement pension plan and life insurance? Maybe it will reduce your income tax payments.