In part two of our four-part blog series discussing the recent income tax changes, we will be looking at the most significant changes to the standard and itemized deductions. After the changes to the overall tax rates that we discussed in the first post, the changes to the standard and itemized deductions could have the greatest impact on your 2018 federal income tax bill. Under the new rules the standard… Read More
Major Tax Changes In 2018
Whenever there is major tax reform, the question on everyone’s mind is, “Will my taxes go up, down, or stay the same? We will try to help you gain insight into what bearing the tax code changes effective in 2018 will have on your personal tax situation. This is the first article in our spring blog series that addresses the recent tax reform bill known as the Tax Cuts and… Read More