Many of the major changes to individual taxes from the Tax Cuts and Jobs Act (TCJA) impact itemized deductions on Schedule A. Almost everything on the Schedule was impacted by TCJA. The changes include the following: The Adjusted Gross Income (AGI) limitation for medical expenses dropped from 10% to 7.5% for 2017 and 2018. It will revert to 10% for 2019. Taxes paid (i.e. state taxes, real estate taxes, … [Read More »]
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