How to Take Advantage of the New Tax Bracket Sweet Spots

In case you haven't heard -- taxes are on sale! To take advantage of that, it means that 2018 could be the year for you to consider converting a traditional IRA into a Roth.

But first, some background. Thanks to the 2017 Tax Cuts and Jobs Act, nearly all Americans will benefit from reduced tax rates and an expansion of the amount of income subject to those newly reduced rates, due to broader tax brackets.

Most workers will start seeing bigger paychecks, because a smaller portion is being withheld by Uncle Sam. Many retirees will also benefit from reduced withholdings on retirement account distributions, lower estimated tax payments or potentially a bigger refund when they file their 2018 tax returns.

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