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CBS News

Are you winning or losing under the new tax law? Here’s how to tell

By Aimee Picchi and Irina Ivanova

First, it’s important to note that while taxpayers often fixate on the size of their refunds, that’s not an accurate yardstick of whether the new tax regulations are helping or hurting you, experts say.

“If you are assessing whether you came out ahead or not solely of the size of your refund, that is the wrong way to go about this,” said Nick Holeman, a certified financial planner at investment company Betterment. “The size of the refund is only part of the picture.”

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This article originally published February 21st, 2019 on CBS News