The Tax Cuts and Jobs Act (TCJA) of 2017, sharply raised the standard deduction and placed limits on itemized deductions. In particular, no more than $10,000 can be deducted in state and local tax (SALT) payments on a single or joint tax return.
- The new SALT deduction limits will affect home sales
- Powers of attorney can be vital documents
- How to handle year-end bonuses
- Tax calendar