Photo courtesy of TaxRebate.org.uk
What changes should you lookout 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.
These are some of the changes, but Mark Luscombe tackles many more in his TCJA checklist!
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