Complimentary lunch provided by Damon’s Grill Oceanfront.
In the survey of about 1,000 taxpayers, Liberty Tax found that:
Nearly 68 percent could not identify that that standard deduction has nearly doubled under TCJA, an issue widely discussed after President Trump signed the new tax law;
84 percent could not identify that the personal exemption has been eliminated under TCJA, a change that will affect taxpayers with qualified dependents;
66 percent did not know that individual tax breaks in TCJA end at the close of 2025, and more than 23 percent thought the tax cuts were permanent.
Learn what tax benefits have been increased, which deductions have been eliminated and where that leaves you for 2018 and beyond.
Presented by Samantha Slapnik, Liberty Tax Service