Employers should inform their workers about the benefits of increasing their 401(k) contributions and investing in health savings accounts, among other tips.
The new tax law has nearly doubled the standard deduction and limits the deduction for state and local taxes, making it less likely for taxpayers to itemize their deductions.
Workers with a high-deductible health plan will be better off setting up a health savings account, which offers tax benefits for savings earmarked for future medical expenses.
