Tax Deductions 2018: 42 Tax Write-Offs You May Not Know About
As published in Entrepreneur Magazine:
Know these 2018 tax deduction changes when filing in 2019.
You might not want to hear this, but it’s already time to start thinking about tax preparation. Although April feels far away, the earlier you begin planning your tax filing, the more likely it is you’ll take advantage of all the tax breaks that tax year 2018 has to offer.
This is the first year the Tax Cuts and Jobs Act of 2017 will be in effect, and this act will likely affect you and your taxes. Many of the miscellaneous itemized deductions, including unreimbursed job expenses, have been repealed for the 2018 tax year. To make it easier for you to understand how you’ll be affected, GOBankingRates put together this list of popular tax deductions -- and ones you might not know about -- that you can still take advantage of.
to find out the best tax deductions that can save you money and lower your taxable income.