The Tax Cut and Jobs Act of 2017 brought so many changes that will impact taxpayers’ individual and business returns. Accounting Today recently published a checklist written by Mark Luscombe that highlights key changes. We are sharing this article in a multi-part blog. The first part of this blog focuses on individual tax considerations like Standard vs. Itemized Deductions, Medical Expenses, SALT Cap, and Casualty Loss.
Your tax consultant at Sharrard, McGee & Co., PA is ready to answer any questions you may have about how the TCJA will affect your individual or business tax returns. Call us at (336) 884-0410 in High Point or (336) 272-9777 in Greensboro.