• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Tax Season Is Here. Contact Us Today

908-813-3180

Mahmoud & Associates

Accounting, Tax, and CPA Services

  • About Us
    • Reviews
  • Services
    • Accounting
    • Accounting For Individuals
    • IRS Help Services
    • Small Business Accounting
    • Tax Preparation
  • Blog
  • FAQ
    • Helpful Resources
  • Tax FAQ
Home » Blog » Tax deductions & credits affected in 2018 by inflation

Tax deductions & credits affected in 2018 by inflation

Millions of taxpayers depend each year on tax deductions and tax credits to cut their annual tax bills.

The main tax reduction strategy is claiming the standard or an itemized amount. Adjustments for the 2018 tax year to these tax write-offs were covered in Part 2 two of my annual tax inflation series.

But there are many other popular tax deductions and tax credits — ranging from Uncle Sam’s help for adopting children to paying for schooling to assisting commuters to supporting moderate- and lower-income workers — that filers can use.

Many of these tax breaks also are affected each year by inflation. Here’s how they’ll look in 2018.

Source: Tax deductions & credits affected in 2018 by inflation

Ready to start your project?

You can count on us for your tax, accounting, and CPA services.

Contact Us
Mahmoud & Associates

206 Main Street
Hackettstown, NJ 07840

908-813-3180


Copyright 2021 Mahmoud and Associates · All Rights Reserved · Powered by Mai Solution