Tag Archives: state and local tax
Charitable Contributions Under the Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act of 2017, President Donald Trump’s keystone tax reform law, was a dramatic reshaping of the tax landscape for nearly all Americans. One of the biggest changes was an increase in the standard deduction to $12,000 for individuals and $24,000 for couples. This increase, coupled with eliminations of some itemized […]