Tax season can be a tedious time, but this year, taxpayers have the added challenge of preparing their returns under the Tax Cuts and Jobs Act of 2017 for the first time. The new law is full of surprises.
Despite lowering the tax rate on top-bracket earners, many wealthy individuals are now finding they need to pay more taxes because of the loss of itemized deductions. This, coupled with the need to pay any additional 2018 taxes due in April, are just some of the hurdles presented to taxpayers this…
