deanrd
Gold Member
- May 8, 2017
- 29,411
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The Trump administration has taken away many of your tax deductions. You’ll find out.
9 tax deductions individuals can no longer claim in 2018
The Tax Cuts and Jobs Act gave taxpayers lower tax rates on more of their income, nearly doubled the standard deduction, and provided higher tax credits for families with children. But while the new tax reform law gives breaks to many, it also takes away from others.
To pay for the tax breaks, the tax law erased many deductions that millions of taxpayers claim every year.
—————-
The pigeons are coming home to roost.
Next year after taxes, people will find out how badly they been screwed by Trump and the Republicans?
If you aren’t a billionaire you will feel the pain. But remember, a billionaire only has one vote.
Welcome to the giant blue tsunami in 2020.
9 tax deductions individuals can no longer claim in 2018
The Tax Cuts and Jobs Act gave taxpayers lower tax rates on more of their income, nearly doubled the standard deduction, and provided higher tax credits for families with children. But while the new tax reform law gives breaks to many, it also takes away from others.
To pay for the tax breaks, the tax law erased many deductions that millions of taxpayers claim every year.
—————-
The pigeons are coming home to roost.
Next year after taxes, people will find out how badly they been screwed by Trump and the Republicans?
If you aren’t a billionaire you will feel the pain. But remember, a billionaire only has one vote.
Welcome to the giant blue tsunami in 2020.