One impact of the Tax Cuts and Jobs Act (TCJA), signed in to law at the end of 2017, was the doubling of the standard deduction. The TCJA increased the standard deduction to $24,000 for taxpayers filing jointly or for a surviving spouse, $18,000 for...
By: Bradley Arant Boult Cummings LLP
By: Bradley Arant Boult Cummings LLP