Effective for 2018 through 2025, the TCJA completely eliminates the Schedule A deduction for miscellaneous expenses. Millions of taxpayers who have deducted miscellaneous expenses in the past won’t be entitled to a write-off on their 2018 returns. Under prior law, you could deduct the amount of your miscellaneous expenses exceeding 2% of your adjusted gross income (AGI) for the year. Strategy is key! Contact us @maacpallc for assistance.

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