Blog tagged as 2017 Tax Year
1. Check Your Withholdings
The tax reform laws that were implemented for 2018 caused the automatic withholdings on most people’s paychecks to drop. While this likely meant larger paychecks for you throughout the year, it will also impact your taxes. If you’re used to receiving or owing roughly ...
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Trump's Tax Reform impacts returns by increasing standard deductions, removing exemptions, capping local tax deductions, limiting mortgage interest deductions, reducing medical expense deduction thresholds, and suspending miscellaneous deductions. Consult a CPA for personalized guidance.