(360) 778-3562 andrewstax123@gmail.com

What changes should you look out for this tax season?

I’m glad you asked.


The standard deduction has increased.

The SALT deduction only goes up to $10,000.

The child tax credit increased.

Active members of the military are the only ones who can deduct moving expenses.

The meals and entertainment deduction only applies to 50% of meals now.

Out-of-state retailers must collect sales tax.


Sources

These are some of the changes, but Mark Luscombe tackles many more in his TCJA checklist!

Additionally, learn more about our services here.