The 2018 tax filing season begins in late January 2019.
The passage of the Tax Cuts and Jobs Act means some stark changes for tax filers and the deductions they can take.
One of the most notable changes is the increase in standard deductions for individuals and married households.
Tax filing season is only a couple months away. With the passage of President Donald Trump’s Tax Cuts and Jobs Act last year, filling out your tax forms might require a different strategy than what you’ve used in previous years. Here’s a breakdown of some of the more notable changes you need to consider for the 2018 tax filing season, including multiple deductions that are now kaput. read more

The Tax Cuts and Jobs Act did not eliminate the tax deduction for charitable gifts, but the new tax laws have changed some of the rules. read more