Do You Typically Itemize Deductions?
L’Isle-sur-la-Sorgue If you do, the IRS recommends that you review your federal withholding. This is due to the Tax Cuts and Jobs Act passed in 2017. This new tax law significantly increased the standard deduction. With this change in tax law, some individuals who have previously itemized their deductions may find it beneficial to claim the standard deduction. […]