The repatriation of foreign earnings has perhaps the most significant impact in the short term as U.S multinationals will be making decisions to potentially change capital expenditures, profit sharing etc.
If you itemize, it's smart to cast a wide net for available deductions. Four surprising tax breaks to add to your list.
Late last year, Congress passed legislation that will cut tax rates, limit or eliminate some popular deductions, and double the standard deduction. As a result of the changes, the percentage of taxpayers who itemize deductions is expected to drop from about 33% this year to less than 10% next spring, when returns for 2018 are due.
But none of those changes will affect your 2017 tax return, for which the old rules still apply. If you've always itemized and your tax situation hasn't changed,...