ITEMIZED TAX DEDUCTIONS
2017 Tax Cuts & Jobs Act
What You Need to Know
The 2017 Tax Cuts & Jobs Act (TCJA) significantly impacted homeowners who typically itemized their mortgage interest, real estate taxes, out-of-pocket medical expenses, unreimbursed employee expenses and charitable donations on Schedule A of Form 1040.
To better understand these tax law changes, first look at page 2 of your 2017 Form 1040, line 40. If you find [Read more…] about ITEMIZED TAX DEDUCTIONS – 2017 Tax Cuts & Jobs Act What You Need to Know