Here’s why your 2018 tax bill may be different

September 27, 2018

Even if you received a tax refund in 2017, there are plenty of things that can cause your taxes to rise. Consider the following big tax law changes that could affect what you owe this year:

• Removal of the personal exemption
• Capping of the state and local tax deduction (SALT) at $10,000
• Removal of the deduction for home equity loan interest not used to buy, build or improve your home
• Removal of the deduction for unreimbursed employee expenses and other miscellaneous expenses

If you have questions about how these changes will affect your situation, call today.