E65 Tax Deductions that are Gone for 2018

E65 Tax Deductions that are Gone for 2018 956x 538 blog

Summary

Recent tax reform made many changes, mostly in the form of capping or limiting deductions. BUT, the trade-off is the standard deduction nearly doubled (ex. $6,350 to $12,000 for individuals)

  1. Personal Exemptions
  2. Unlimited SALT Deductions
  3. Interest on Mortgages Above $750,000
  4. Moving Expenses
  5. Professional fees