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.

The Tax Cuts and Jobs Act (TCJA) eliminates or scales back certain itemized deductions, including the deduction for miscellaneous expenses...
A special deduction authorized by Section 199 of the tax code is available for domestic production activity expenses. But like many other...
Have any of your clients pulled up stakes in the past year? If certain requirements are met, those individuals may deduct their job-related...
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),...
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...
For taxpayers victimized by casualties or thefts, at least there was a silver lining in the dark cloud: You may have qualified for a...
Despite an eleventh-hour reprieve from Congress, this may be the last year many taxpayers deduct their state and local tax (SALT) payments...
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...
Under the new tax reform law – the Tax Cuts and Jobs Act (TCJA) – many itemized deductions are being eliminated or curbed, beginning in...