News3 Lost Tax Deductions That Might Surprise You
The Tax Cuts and Jobs Act was the single largest tax reform legislation passed in the last 30 years. It changes tax laws that impact retirement planning, mortgages, corporation, partnerships, small-business owners and even state taxes to some degree.
While the TCJA was passed and signed into law on Dec. 22, 2017, 2018 was the first year it really hit home for personal income taxes. As you gear up to file your taxes before April 15, 2019, you might be surprised to find many popular tax deductions are either significantly smaller or eliminated altogether. Read more