New Tax Reform Changes for 2018 and 2019 Filing
Frank Boley & Co. notes major shifts from the Dec 22 2017 reform. Tax rates and brackets adjust by year end 2018, with a doubled child tax credit and new non child dependent credits. Homeowners face a mortgage deduction cap at 750000 for new loans, while profit from home sales retains up to 500000 or 250000 exclusion.
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