https://ttlc.intuit.com/community/after-you-file/discussion/why-2017-federal-deductions-are-way-lower-than-2018/01/282770#M55361 Mon, 03 Jun 2019 17:25:53 GMT NJTaxpayer 2019-06-03T17:25:53Z https://ttlc.intuit.com/community/after-you-file/discussion/why-2017-federal-deductions-are-way-lower-than-2018/01/282770#M55361 Mon, 03 Jun 2019 17:25:53 GMT https://ttlc.intuit.com/community/after-you-file/discussion/why-2017-federal-deductions-are-way-lower-than-2018/01/282770#M55361 NJTaxpayer 2019-06-03T17:25:53Z https://ttlc.intuit.com/community/after-you-file/discussion/due-to-the-tax-cuts-and-jobs-act-tcja-many-itemized-de/01/282776#M55363 <P>Due to the <B>Tax Cuts and Jobs Act</B> (TCJA), <B>many itemized deductions have been limited or suspended.</B>&nbsp;</P><P>Under the new tax reform laws, the rules for some itemized deductions changed in 2018, while others were suspended&nbsp;</P><UL> <LI>State, local, property, and sales tax (SALT) deduction has been capped at $10,000.</LI> <LI>Mortgage interest and home equity loans – <B>changed</B> </LI> <LI>Donations – <B>changed</B> </LI> <LI>Miscellaneous deductions subject to the 2% limit – <B>suspended</B> </LI> <LI>Personal casualty and theft losses – <B>suspended</B> (with exceptions).</LI> </UL><P><B>Please see the following:</B>&nbsp;</P><UL> <LI><A href="https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return" target="_blank">How will tax reform affect my 2018 federal tax return?</A></LI> <LI><A href="https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform" target="_blank">Which federal tax deductions have been suspended by tax reform?</A></LI> </UL> Mon, 03 Jun 2019 17:25:54 GMT https://ttlc.intuit.com/community/after-you-file/discussion/due-to-the-tax-cuts-and-jobs-act-tcja-many-itemized-de/01/282776#M55363 HelenaC 2019-06-03T17:25:54Z