One of President Trump's goals has been to simplify the tax code eventually resulting in the "postcard" tax return you have probably heard about. The "writing is on the wall" that we are heading in that direction with many of the provisions of the "Tax Cuts and Jobs Act" in the form of the standard deduction nearly doubling ...
Here is a chart showing how the standard deduction will change for each filing status ...
Call LCI Taxes at 386-586-3976 or e-mail us at info@lcitaxes.com to learn more about how these tax changes will affect you or to schedule your appointment!
Chris Kocher CPA