Lower Tax Rates | Midatlantic IRA

3 Big TCJA Changes Affecting Your 2018 Individual Tax Return

Feb 12, 2019 | Blog, Tax Bites

There are three major changes that will impact many individual taxpayers, beginning when they file their 2018 income tax returns. And we’re not talking about tax rate cuts or reduced itemized deductions.

Personal Exemptions, Standard Deductions, & Tax Credits

Jan 16, 2018 | Blog, Tax Bites

It’s the total impact of the TCJA’s reduced tax rates and other changes that will determine whether your tax liability drops for 2018. Changes to the personal exemption, standard deduction and child credit are just the tip of the iceberg.