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Home Posts tagged "internal revenue service"

Tag: internal revenue service

Tax reform affects if and how taxpayers itemize their deductions

IRS Tax Reform Tax Tip 2018-176, November 14, 2018 Tax reform that affects both individuals and businesses was enacted in December 2017. It’s commonly referred to as the Tax Cuts and Jobs Act, TCJA or simply tax reform. In addition to nearly doubling standard deductions, TCJA changed several itemized deductions …

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