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How Trump’s Tax Plan Might Change the Way you make Deductions

Taxes have long been a source of contention for Americans.  Navigating the complex world of taxes can often be confusing. A critical aspect of taxes that needs to be determined is whether to take advantage of a standard deduction or spend many hours putting together a list of itemized deductions. A good bit of taxpayers decide on former, as the standard deduction method is much easier.  Maybe you’ve tried your hand at the tedious process of itemizing, only to come up against defeat.  Perhaps, you were going to try it again someday.  Don’t get too excited about your plans to conquer those itemized deductions.  Trump’s tax plan could change everything you know about tax deductions.    read more

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