personal exemptions

March 6, 2019 | Juanita Farmer, CPA

Four Tax Deductions that Disappeared in 2018

Tax reform eliminated a number of deductions that many taxpayers counted on to reduce their taxable income. Here are four that could affect you. 1. Personal Exemptions Personal exemptions enabled individual taxpayers to reduce their taxable income in addition to the standard deduction, but were repealed for tax years 2018 through 2025. While the standard […]

Read more

Engage us on Facebook

Follow us on Twitter