The standard deduction will be doubled starting in 2018 and many taxpayers itemized deductions may be less than the standard deduction. To maximize itemized deductions in 2017, taxpayers should pay these in 2017.
(A) State and local taxes.
The House bill puts a $10,000 cap on these, but the Senate Finance Committee completely repeals the deduction. In light of this, the following actions should be taken for: Read more