2018 Tax Law Changes
This is just a reminder that the new tax law eliminated miscellaneous deductions on Schedule A of your return. These include employee business expenses, professional fees not related to a business, rental or royalty property, investment management fees, safety deposit boxes.
These items still show on the tax organizer because some states that have income tax did not conform their laws to the Federal law, so these items may be deductible at the state level. If you live in Texas and have no state income tax in other states, there is no need to recap these items as you get your information ready to bring to us.
The new law giveth and taketh away. This is a take away, but might save you some time anyway.
