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Big tax bill prompts last-minute tax tips for 2017

Source: https://freep.com/story/money/personal-finance/susan-tompor/2017/12/18/tax-reform-tips-2017/941055001/ - Dec 19, 2017

December is turning into yet another crazy time to add more chores to the to-do list, thanks to a sweeping tax package that appears to be on the fast track this week.

Republicans released their final tax bill late Friday, which includes some significant changes from earlier discussions. The GOP goal is to pass the tax overhaul package this week in Congress. President Donald Trump wants to sign a bill before year's end.

A key part of the tax plan continues to involve doubling the standard deduction beginning in 2018. As a result, fewer people are expected to itemize deductions — including charitable contributions.

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Category: General Business