Tax Publications

02 January 2019

The effect of TCJA - the tax reform of 2018 on your taxes

Tax rates lowered. Standard deduction nearly doubled. Starting in 2018, tax rates are lower for most income brackets. The seven rates range from 10 percent to 37 percent.

06 January 2019

Various deductions now are limited or discontinued

Taxpayers can no longer deduct miscellaneous itemized deductions for job-related costs and certain other expenses. The law also limits the state and local tax deduction to $10,000.

07 January 2019

Child Tax Credit doubled, and more people qualify

The maximum credit is now $2,000 for each qualifying child under age 17. The income limit for getting the full credit increased to $400,000 for joint filers and $200,000.