Home Current Know These 6 Federal Tax Changes to Avoid a Surprise in 2019

Know These 6 Federal Tax Changes to Avoid a Surprise in 2019

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Know These 6 Federal Tax Changes to Avoid a Surprise in 2019“The big change for individuals is with deductions,” says Craig Richards, managing director and director of tax services at Fiduciary Trust Company International in New York. Although the standard deduction nearly doubled to $12,000 for single tax filers and $24,000 for married couples filing jointly, key deductions like state and local taxes and mortgage interest were capped at $10,000.