The Tax Cuts & Jobs Act, TCJA, and its Impact on Miscellaneous Itemized Deductions and Charitable Contributions Deductions

1. Miscellaneous Itemized Deductions By now, many of you are familiar with the types of expenses that were claimed as itemized deductions on your 2017 income tax returns. Fortunately, there was no need to reduce these deductions if your total Adjusted Gross Income, AGI, did not exceed certain thresholds. This is called the Pease Limitation … Continue reading The Tax Cuts & Jobs Act, TCJA, and its Impact on Miscellaneous Itemized Deductions and Charitable Contributions Deductions