{"product_id":"taxes-are-easy-ea-michael-d-meyer-9780578570259","title":"TAXES are EASY: The \"Tax Cuts \u0026 Jobs Act\" - TCJA, an Introduction - 2018 Tax Law and Forms","description":"The Trump Tax Cuts\u003cbr\u003eofficially known as the\u003cbr\u003e\"Tax Cuts and Jobs Act\" TCJA \u003cp\u003e\u003c\/p\u003eDid you fully understand your completed 2018 tax return this year? Why did the 1040 forms change? Why can you no longer deduct your unreimbursed job expenses? So many questions? \u003cp\u003e\u003c\/p\u003eThis book explains 41 of the \"Tax Cuts and Jobs Act\" changes and how those might have affected your 2018 tax return. It is designed for a quick review of all 41 TCJA changes in just the first hour reading the book. You can then study the in-depth topic explanations in each chapter, that are applicable to your 2018 tax scenario. \u003cp\u003e\u003c\/p\u003eYou will understand these changes after reading this book. \u003cp\u003e\u003c\/p\u003eThe 41 topics are: \u003cbr\u003e1) The new single-page 2018 Form 1040 postcard with its six new supporting Schedules\u003cbr\u003e2) The revised 2018 Individual Income Tax Rate Brackets\u003cbr\u003e3) The revised 2018 Capital Gain Tax Rate Schedule\u003cbr\u003e4) The Personal Exemption deduction amounts have been removed from the 2018 Form 1040 postcard\u003cbr\u003e5) The Child Tax Credit has doubled to $2,000 with $1,400 now refundable as the Additional Child Tax Credit\u003cbr\u003e6) A new nonrefundable $500 Credit for Other Dependents added\u003cbr\u003e7) The 2018 Standard Deduction amounts have almost doubled\u003cbr\u003e8) The phase-out of the Itemized Deductions has been \"suspended\" for higher-income Taxpayers\u003cbr\u003e9) Far fewer taxpayers will now benefit from the Itemized Deductions\u003cbr\u003e10) The Miscellaneous Itemized Deductions subject to the 2% of AGI threshold are \"suspended\" until 01\/01\/2026\u003cbr\u003e11) The 7.5% AGI threshold for deducting Medical Expenses as an Itemized Deduction remains for 2018\u003cbr\u003e12) The new $10,000\/$5,000 per tax return limit for the SALT deductions\u003cbr\u003e13) The new lower Mortgage Interest Deduction limits for new home mortgages secured after 12-15-2017\u003cbr\u003e14) The deduction for Interest on Home Equity Loans is now limited\u003cbr\u003e15) Mortgage Insurance Premiums are no longer deductible as an Itemized Deduction category\u003cbr\u003e16) Fewer Taxpayers will now qualify to deduct their Charitable Contributions\u003cbr\u003e17) Charitable Contributions - two rule changes\u003cbr\u003e18) Non-disaster Casualty and Theft losses are no longer deductible as an Itemized Deduction category\u003cbr\u003e19) The Living Expense deduction for Members of Congress eliminated\u003cbr\u003e20) Qualified Moving Expenses are no longer deductible for most taxpayers\u003cbr\u003e21) The Qualified Bicycle Commuting Reimbursement Exclusion has been \"suspended\"\u003cbr\u003e22) The Tuition and Fees Deduction was not extended past the 2017 tax year\u003cbr\u003e23) The Mortgage Debt Relief Act of 2007 exclusion was not extended past the 2017 tax year\u003cbr\u003e24) The Credit for Nonbusiness Energy Property was not extended past the 2017 tax year\u003cbr\u003e25) New 2019 Alimony payments are no longer deductible for the Payer or shown as income to the Recipient\u003cbr\u003e26) New Discharge of Student Loan Debt exclusion item added\u003cbr\u003e27) The Professional Gambler expense deduction rules clarified\u003cbr\u003e28) Distributions from 529 Qualified Tuition Program plans expanded\u003cbr\u003e29) The ABLE account contribution limits expanded for the Disabled Beneficiary\u003cbr\u003e30) The Roth IRA recharacterization rules and the Backdoor Roth IRA explained\u003cbr\u003e31) The Penalty Tax for not having Qualified Health Insurance is still in effect for the 2018 tax year\u003cbr\u003e32) The two high-income Affordable Care Act taxes have been retained\u003cbr\u003e33) Far fewer taxpayers will be subject to the Alternative Minimum Tax (AMT)\u003cbr\u003e34) The Kiddie Tax was revised to no longer use the Parent's marginal tax rate\u003cbr\u003e35) New Deferral of Income for Private Company Stock Option Plans\u003cbr\u003e36) The Estate and Gift Tax Exemption amounts doubled and the $15,000\/year Gift Tax Exclusion amount\u003cbr\u003e37) The new 20% Qualified Business Income deduction\u003cbr\u003e38) More generous Depreciation rules for Small Business\u003cbr\u003e39) Meals and Entertainment deduction changes for Small Business\u003cbr\u003e40) Like-Kind Exchange rule changes for Small Business\u003cbr\u003e41) Bonuses now subject to a 22% tax withholding rate compared to 25% previously\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Ea Michael D. Meyer\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0578570254\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780578570259\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Michael D Meyer, EA\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/01\/2019\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 104\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.33lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.02h x 5.98w x 0.22d","brand":"Ea Michael D. Meyer","offers":[{"title":"Paperback","offer_id":48443536081151,"sku":"9780578570259","price":14.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_17a1bbcd-1003-4b46-80a3-21f07ea47718.jpg?v=1777206137","url":"https:\/\/www.whiterainbookhouse.com\/products\/taxes-are-easy-ea-michael-d-meyer-9780578570259","provider":"WR Book House","version":"1.0","type":"link"}