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Writer's pictureFabiola Litherland, CPA

7 Most Significant Tax Cuts - 2018 Tax Year


1. New tax rates and brackets

2. Higher standard deductions

3. Increase in child tax credit

4. Lower threshold for medical expense deduction

5. Repeal of limit on itemized deductions

6. Increase in charitable deduction limit

7. 529 plan changes

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