3 Tax Deductions Are Going Away Due to Tax Reform, Here’s What You Can Still Claim [Infographic]

Tax Reform

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.

Comments (15) Leave your comment

  1. 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.

    1. 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.

  2. 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

  3. 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?

  4. I am recently divorced from my wife and our children stayed with her. I have a fiancee with 5 kids and I support them all, can I claim them all on my exemptions as I care for all of the children, even though we are not yet married?

  5. Is the new 20% business deduction for self-employed individuals already incorporated into TurboTax 2018? If not, when will it be, and where will this deduction be on the Form 1040? (i.e. on Schedule C, or on 1040 as adjustment to income?) Also, will this deduction need to be “added back” to Schedule C income when calculating the maximum SEP-IRA deduction for self-employed?

  6. My wife and I live in Virginia virtually year-round. We recently sold a vacation property that is situated in Pennsylvania that we used from time to time, never more than two or three weeks a year. Also, it was never rented to anyone. Does either Pennsylvania or Virginia charge a capital gains tax on the sale of the vacation property?

  7. HELLO lisa,
    where would i locate/find tax preperation training materials ? i would like to provide that service into my educational learning portal. also if know is the training free or is there a charge

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