The tax season is once again upon us. I was recently notified of a site…
As federal employees and retirees collect their 2018 tax records and information in preparation to file their 2018 federal and state tax returns that are due April 16, 2019, they should be aware that several tax deductions available in 2017 have been eliminated or reduced for 2018.
This column presents the top 10 tax deductions that are being eliminated or limited. It is important to note that these eliminations and deductions will be in effect for tax years 2018 through 2025, and became law as a result of the Tax Cuts and Jobs Act of 2017 (TCJA).
The deductions discussed are the more popular provisions that have been eliminated or limited. Federal employees will have to look closely at their own situations to see whether other less common deductions were also eliminated or limited as a result of TCJA’s passage.