Tax Reform 3 Tax Deductions Are Going Away Due to Tax Reform, Here’s What You Can Still Claim [Infographic] Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxLisa Published Dec 5, 2018 - [Updated Jul 3, 2019] 1 min read The new tax reform law, passed in December 2017, is the largest piece of tax legislation in nearly 30 years and changed several key tax provisions for taxpayers and families. But what do these changes mean for your taxes? Most notably, the standard deduction nearly doubled ($12,000 single and $24,000 married filing jointly) and some tax deductions were either eliminated or reduced. Although some tax deductions, like the dependent exemption, went away with the passage of the new tax reform law, there are still tax deductions and credits you can claim to maximize your tax refund. Check out our infographic to find out what tax deductions are going away effective with your 2018 taxes (the ones you file in 2019) and more tax deductions and credits you can take in their place. Previous Post Does Tax Reform Impact How I Claim Standard vs. Itemized… Next Post New! TurboTax Tax Reform Calculator Educates on How Tax Reform… Written by Lisa Greene-Lewis Lisa has over 20 years of experience in tax preparation. Her success is attributed to being able to interpret tax laws and help clients better understand them. She has held positions as a public auditor, controller, and operations manager. Lisa has appeared on the Steve Harvey Show, the Ellen Show, and major news broadcast to break down tax laws and help taxpayers understand what tax laws mean to them. For Lisa, getting timely and accurate information out to taxpayers to help them keep more of their money is paramount. More from Lisa Greene-Lewis Follow Lisa Greene-Lewis on Twitter. 15 responses to “3 Tax Deductions Are Going Away Due to Tax Reform, Here’s What You Can Still Claim [Infographic]” « Older Comments I retired from federal civilian service in 2018, and have moving expenses from overseas. I understand some is taxable but not all, such as Household goods and shipping a car. Where can I find the most recent info on this? I filed for an extension so no rush yet. Reply Hello Vicki, Congratulations on your retirement. Unfortunately, for tax years 2018 through 2025, the deduction of certain moving expenses is suspended for nonmilitary taxpayers. In order to deduct certain moving expenses, you must be an active member of the military and moving due to a permanent change of duty station. Thank you. Reply My spouse is head of household He is blind. Where do I deduct the $1,000. Also he only has S.S. as income. He gets$16872 a month. Is this taxable? Thank you Reply Were can I find help on medial & dental expenses? Reply I am a retired widow with a part time job. My social security income is $25,000 gross and my 1099 income was 10,100. I am over 70 and withdrew 5,000 from my IRA for which 10% tax was taken. How does the new tax law reflect on me? Reply « Older Comments Leave a ReplyCancel reply Browse Related Articles Uncategorized Does Tax Reform Impact How I Claim Standard vs. Itemized Deductions? Tax Reform 3 Key Tax Reform Changes and Facts for Self-Employed [Infographic] Tax Reform Tax Reform 101 for Families Tax Reform I’m Donating to Charity This Winter, Will I Still Get a Deduction? Tax Reform How Will Tax Reform Affect My Refund Next Year? Home I Bought a Home Last Year. Do I Get a Tax Deduction? Tax Reform Last Call on These Popular Tax Deductions Tax Deductions and Credits Most Overlooked Tax Deductions [VIDEO] Tax Deductions and Credits Bizarre Tax Deductions [Infographic] Tax Reform Tax Reform 101: 5 Things To Do Now
I retired from federal civilian service in 2018, and have moving expenses from overseas. I understand some is taxable but not all, such as Household goods and shipping a car. Where can I find the most recent info on this? I filed for an extension so no rush yet. Reply
Hello Vicki, Congratulations on your retirement. Unfortunately, for tax years 2018 through 2025, the deduction of certain moving expenses is suspended for nonmilitary taxpayers. In order to deduct certain moving expenses, you must be an active member of the military and moving due to a permanent change of duty station. Thank you. Reply
My spouse is head of household He is blind. Where do I deduct the $1,000. Also he only has S.S. as income. He gets$16872 a month. Is this taxable? Thank you Reply
I am a retired widow with a part time job. My social security income is $25,000 gross and my 1099 income was 10,100. I am over 70 and withdrew 5,000 from my IRA for which 10% tax was taken. How does the new tax law reflect on me? Reply