This informative guide addresses the TCJA changes you need to know about as you complete the 2018 tax season. Including what has changed for businesses and corporations as well as individuals.
- Updated 199A —A seemingly straightforward deduction complicated by numerous exceptions
- Updated 163J —Plan ahead to maximize interest expense deductions
- New simplified corporate tax rate
- AMT Repeal
- New Income tax brackets and rate
- New standard deduction
- What’s next – other post 2018 changes