It’s that time again. The IRS began accepting and processing tax returns for individuals on Monday. Last year’s filing season was an adjustment for taxpayers and industry professionals alike as it was the first under a massive overhaul of federal tax law. While this year’s season is expected to be more sedate, there are a few tweaks to be aware of. STANDARD DEDUCTION The standard deduction doubled under the new tax law that took effect in 2018.
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