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cbillington
January 6, 2020
Question

Just noticed on my Five Year Tax History, I have Exemption amounts in every year except for 2018, why?

  • January 6, 2020
  • 1 reply
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xmasbaby0
Employee
January 6, 2020

The Tax Cuts and Jobs Act eliminated personal exemptions for 2018 and beyond. Instead, your standard deduction nearly doubled. 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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