Apollo Tax Group LLC

Deductions and Exemptions.

What changed? The personal exemption is gone. For 2018, the personal exemption would have been $4150 per person in the household for 2018.

Here is a list of other exemptions that are going away:
--Personal exemptions
--Home equity loan interest
--Moving Expenses
--Casualty and theft losses except in disaster areas
--Job expenses
--Subsidized parking and transit reimbursement
--Tax preparation fees
--Other miscellaneous deductions

How may these affect you?

Tax reform: 9 tax deductions are going away in 2018 Taxpayers will have to look closely to see whether other, less common deductions are also going away.

Do you understand the new tax laws? We are here to help! Come visit with us and learn.

Congress Blesses Roth IRAs For Everyone, Even The Well Paid After the new tax law, Roth IRAs make sense for even more retirement savers because Congress blessed backdoor Roths.

It's tax season and we're ready to help you with your tax preparation before the April deadline.