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Changes to Itemized Deductions for 2018 Tax Filing

If you itemize deductions, avoid tax surprises with a “Paycheck Checkup”

People who’ve itemized deductions on past tax returns should do a “paycheck checkup” using the updated IRS Withholding Calculator.

This is especially important due to tax law changes from the Tax Cuts and Jobs Act, such as:

• A cap on deductions for state and local taxes.

• Limits to the deduction for home mortgage interest in certain cases.

• Eliminated deductions for employee business expenses, tax preparation fees and investment expenses.

See IRS.gov/taxreform for more information.