Hi, I am a tax preparer and have been doing taxes for over 20 years. Here are a few changes that are going into effect this year:
- Personal Exemptions have been removed
- Standard deductions have been almost doubled
- Tax brackets have been changed. They have gone down.
- Business expenses for non self employed personnel have been eliminated.
I will be happy to explain any of these for anyone who would like. Those are just a few.