- Standard deduction – way up.
- Itemized deductions – far less valuable.
- Misc employee exps – gone.
- State/local & property taxes capped at $10k total.
- Planning point: move expenses to other places or eliminate them because they have less/no value.
- LLC’s, S-Corps, Partnerships enjoy new 20% deduction.
- Planning point: How you hold your property investments can have a big effect
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