Disappearing Tax Deductions

These 9 Tax Deductions Are Going Away in 2018

Learn what the tax bill just took away from taxpayers.

The new tax reform bill is now law, and taxpayers can expect a lot of changes to take place in 2018. Reduced tax rates, higher standard deductions, and higher child tax credits for families are just a few of the perks that individual taxpayers will see next year.  To pay for these tax breaks, however, lawmakers took away many deductions that millions of taxpayers had used every year to reduce their tax bills.

  • personal exemptions
  • home equity loan interest
  • moving expenses
  • tax preparation fees

Read more here.