Under the Tax Cuts and Jobs Act (TCJA), fewer people will be itemizing deductions — and more will be claiming the standard deduction — for the 2018 through 2025 tax years. Why? First, the TCJA almost doubled the standard deduction amounts: STANDARD DEDUCTIONS 2018 2019 Single filers and married people whofile separately $12,000 $12,200 Heads […]
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