“The Tax Cuts and Jobs Act of 2017 introduced a number of sweeping changes, perhaps most notably the limitation or elimination of many itemized deductions. Under the new tax law, state and local tax deductions are limited to $10,000 and the standard deduction is $12,000 per person. As a result, many taxpayers will now fall under the new standard deduction, unless they can increase what deductions remain.”
Read more from Alexandra Armstrong, CFP, and Christopher Rivers, CFP …
http://site1181.cfn.acsitefactory.com/sites/g/files/awx2101/f/documents/September%202018.pdf
