Tag: Tax Reform

Georgia (Tax Reform) on My Mind

You’d probably have to look long and hard to find someone who didn’t know that federal tax laws changed in 2018. But how many people realize that Georgia income tax laws have changed too?

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The Standard Deduction and Itemized Deductions After Tax Reform

The Tax Cut and Jobs Act substantially increased the standard deduction amounts for 2018 to 2025. It also eliminated or restricted many itemized deductions for those years. You can generally choose to take the standard deduction or to itemize deductions. As a result of the changes, far fewer taxpayers will be able to reduce their taxes by itemizing deductions.

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