When you file your 2018 income tax return, you’ll likely find that some big tax law changes affect you — besides the much-discussed tax rate cuts and reduced itemized deductions. For 2018 through 2025, the Tax Cuts and Jobs Act (TCJA) makes significant changes to personal exemptions, standard deductions and the child credit. The degree
standard deduction Archives - Crawford Ellenbogen
Feb 14, 2019
3 big TCJA changes affecting 2018 individual tax returns and beyond
- By Ellenbogen
- Deductions, Taxes
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Jan 30, 2019
Investment interest expense is still deductible, but that doesn’t necessarily mean you’ll benefit
- By Ellenbogen
- Deductions, Taxes
- 0 Comments
Can the investment interest expense deduction save you tax on your 2018 return? It’s for interest on debt used to buy assets held for investment, and you must pass some hurdles to benefit. First, you must itemize, which may no longer benefit you because of the higher standard deduction. Second, interest incurred to produce tax-exempt