11 Deductions You Can Still Take

Father Time has closed the book on 2018. We’ve sung Auld Lang Syne. And now our focus is on all the things that have to be done this year, which includes filing your income tax return for 2018 using the new tax rules. Oh Joy!

Staying in the good graces of the IRS has a whole new set of rules this year. Theoretically, a lot of people won’t be itemizing deductions because of the new and improved higher standard deduction. But there are above-the-line deductions available to you even if you take the new standard deduction.

Here are 11 tax deductions you can still take to reduce your adjusted gross income for 2018 (from Morningstar):

https://www.morningstar.com/articles/907289/11-tax-deductions-you-can-still-take.html

Hot this week

Charitable Giving Strategies

Philanthropy is a prime component of American life. Whether...

Better Catch-up Contributions If You Are 60+

If you’re closing in on retirement and wish you...

2025 Retirement Plan Changes

As you’re planning the best way to maximize your...

Retirement Account Contribution Limits for 2025

Still looking for ways to keep the IRS’s hand...

Navigating The Five Year Rule For Roth IRAs

The 5 Year Rule on Roth IRAs: What You...

Topics

Charitable Giving Strategies

Philanthropy is a prime component of American life. Whether...

Better Catch-up Contributions If You Are 60+

If you’re closing in on retirement and wish you...

2025 Retirement Plan Changes

As you’re planning the best way to maximize your...

Retirement Account Contribution Limits for 2025

Still looking for ways to keep the IRS’s hand...

Navigating The Five Year Rule For Roth IRAs

The 5 Year Rule on Roth IRAs: What You...

Year-End Financial Checklist

The end of the year is a great time...

Government Drug Negotiations Hurt Medicare Recipients

Since 2022, the news has been full of stories...

Beneficiary Audit

Do you want your ex-spouse to get your money...
spot_img

Related Articles

Popular Categories

spot_imgspot_img