“Too crude to get a precise number, but it states on average a $120 tax increase. Looking at our estimated taxable income for 2018, it looks to be a bit more than that, in the $400-500 range for a tax increase.”
Bend over America.
We belong to the group of retirees (over and under 65) with modest taxable income, and deductions for property taxes, medical expenses/premiums over AGI threhold, charitable contributions, etc. Some might also have some state income taxes, mortgage interest (hopefully for not too long in retirement), etc. That’s a group likely to not see any tax cut.