You can kiss these 5 tax breaks goodbye

It’s been more than a year now since the Tax Cuts and Jobs Act became federal law, ushering in sweeping tax reform. But not until this spring will it hit home for many taxpayers.

Most changes in the tax law enacted on Dec. 22, 2017, did not take effect until the 2018 tax year. So, your 2018 return — the one due in April — is the first you will file under a host of new rules.

You will likely welcome some of these changes — like the five-figure standard deductions that we detailed in “3 Big Ways the Tax Overhaul Will Affect Your 2018 Tax Return.”

At the same time, you might be surprised by the number of tax breaks that you won’t be able to claim for 2018 due to tax reform.

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The following tax deductions are among those to which you can say farewell, at least as far as your next tax return is concerned.

What’s your take on how tax reform will impact your next return? Sounds off by commenting below or over on our Facebook page.