In talking with a number of tax professionals, there seems to be a lack of consensus about how much the new law will actually reduce charitable deductions and other itemized deductions like those for state income tax, real estate tax and mortgage interest
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Topics: Charitable Deductions, Mortgage Insurance Deduction, Mortgage Interest, Pease Limitation, Property Tax, State Taxes
Tax Law Updates, Wills, Trusts, & Estate Planning Updates, Family Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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