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Highlights of the 2017 tax law changes.   

1.

The personal exemption deduction has been suspended.

2.

Property tax, state tax and local tax has been capped at $ 10,000. 

3.

A 20 % pass through has been added for corporations.

4.

Misc. deductions subject to  the 2% AGI limit is no longer deductible. 

5.

The child tax credit has been increased.

6.

The Standard deduction has been increased.

7.

Penalty for not having Min. essential Health insurance coverage is 0.

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