December may feel like a long way off, but it\u2019ll show up quicker than you think. Luckily, you still have time to figure out just how much the Tax Cuts and Jobs Act (TCJA) affects your situation.Use this list of major tax changes as you consider your midyear tax planning strategy:
\u2022 Lower tax rates and expanded income tax brackets
\u2022 Elimination of personal exemptions
\u2022 Expanded Child Tax Credit and new family credit
\u2022 Elimination of most moving expenses
\u2022 Changes to home equity debt interest deductions
\u2022 Elimination of miscellaneous itemized deductions
\u2022 Creation of a new 20 percent business income deduction
\u2022 Expansion of estate tax exemption
\u2022 Limitation of state tax deductions
\u2022 Changes in the Alternative Minimum Tax and itemized deduction phase out<\/p>\n\n\n\n
Bring this list to your midyear tax-planning meeting. Give us a call today if you still need to set up an appointment.<\/p>\n","protected":false},"excerpt":{"rendered":"
December may feel like a long way off, but it\u2019ll show up quicker than you think. Luckily, you still have time to figure out just how much the Tax Cuts and Jobs Act (TCJA) affects your situation.<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[46],"tags":[32,134,135,54],"acf":[],"_links":{"self":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts\/4655"}],"collection":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/comments?post=4655"}],"version-history":[{"count":1,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts\/4655\/revisions"}],"predecessor-version":[{"id":5098,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts\/4655\/revisions\/5098"}],"wp:attachment":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/media?parent=4655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/categories?post=4655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/tags?post=4655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}