Surprise! Trump’s tax law is now in effect for individuals — read it and weep

Most taxpayers with higher incomes who live in blue states are already well aware of the cap on the deduction for state and local income taxes, but there are many more changes than those. (NOTE: Want to know why the Manhattan real estate market has softened — paint a big arrow pointing at the previous sentence.) Here’s a nice summary from Forbes of the features you may not have absorbed yet.

https://www.forbes.com/sites/lcarrel/2018/12/24/taxpayers-unprepared-for-changes-in-trumps-tax-law/#12d87d097f63

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