2018 Tax Law Changes

1 2018 - 35% Tax Rate Changes 2 2018 - Additional Medicare tax 3 2018 - Form 1040 - New look form 4 2018 - Net investment income tax - 3.8% 5 2018 - Retirement plan limits 6 2018 - Social Security 7 2018 - Standard Deduction 8 2018- Itemized deductions-3%Limitation 9 2018- Itemized deductions-Deduction limits for long-term care premiums 10 2018- Itemized deductions-Gambling losses 11 2018- Itemized deductions-Medical expenses 12 2018- Itemized deductions-Misc Deductions 13 2018- Itemized deductions-Misc Deductions-Charitable Contributions 14 2018- Itemized deductions-Personal casualty losses 15 2018- Itemized deductions-Residence interest 16 2018-Adoption expenses 17 2018-Alimony Deduction 18 2018-Alternative Minimum Tax 19 2018-Bonus Depreciation 20 2018-Child Tax Credit 21 2018-Distribution from 529 plans and ABLE accounts 22 2018-Earned income tax credit 23 2018-Eligibility for saver’s credit 24 2018-Eligible educators deductions 25 2018-Estate and Gift Tax Changes 26 2018-Individual health care mandate and premium tax credit 27 2018-IRS mileage allowance 28 2018-Itemized deductions-$10,000 State Property & Income tax Limitation 29 2018-Kiddie Tax 30 2018-Long-Term Capital Gains and Qualified Dividends Tax Rates 31 2018-Luxury Automobile Depreciation Limits 32 2018-Moving expenses 33 2018-Ordinary Income Tax Rates 34 2018-Personal exemptions 35 2018-Premium tax credit 36 2018-Sale of Residence exclusion 37 2018-Section 179 Expensing 38 2018-The Pass-Thru Entity Deduction