Sunday, December 29, 2019

Take a Second Look at Your 2018 Tax Return If...

Your house was foreclosed...

The exclusion of cancelled debt from a principal residence from income was reinstated for 2018.

You Paid Mortgage insurance...

The deduction was reinstated for 2018.
This includes FHA and VA funding fees.

You had education expenses...

The Tuition and fees deduction was reinstated for 2018.
This likely applies to very few people, but you should double check...

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