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.