Vintage 2017 Tax Deductions

Under the new Tax Cuts and Jobs Act (TCJA), Form 1040 will have a completely different look in the 2018 tax year. The TCJA eliminates many deductions, scales back others and actually enhances a couple of others. But the changes are generally effective for 2018, so write-offs on 1040s for 2017 will reflect prior law. This series summarizes the key deductions your clients may be able to claim.

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The Tax Cuts and Jobs Act (TCJA) eliminates or scales back certain itemized deductions, including the deduction for miscellaneous expenses...
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A special deduction authorized by Section 199 of the tax code is available for domestic production activity expenses. But like many other...
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Have any of your clients pulled up stakes in the past year? If certain requirements are met, those individuals may deduct their job-related...
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The tax cost of getting a divorce is going up for some individual taxpayers. Under the new tax law, the Tax Cuts and Jobs Act (TCJA),...
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We’ve gone over some items, such as deductions for charity and medical costs, that have been changed in the new Tax Cuts and Jobs Act (TCJA...
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The new tax law — the Tax Cuts and Jobs Act (TCJA) — preserves the deduction for mortgage interest, with certain modifications, beginning...
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For taxpayers victimized by casualties or thefts, at least there was a silver lining in the dark cloud: You may have qualified for a...
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Despite an eleventh-hour reprieve from Congress, this may be the last year many taxpayers deduct their state and local tax (SALT) payments...
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In the eleventh hour, Congress didn’t repeal the deduction for medical and dental expenses as part of the Tax Cuts and Jobs Act (TCJA), as...
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Under the new tax reform law – the Tax Cuts and Jobs Act (TCJA) – many itemized deductions are being eliminated or curbed, beginning in...