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.