Families with children will notice that the new tax law has boosted the child tax credit to $2,000 for each kid under age 17, which is double the amount under the old law.
The dependent and childcare credit is also still around: You may claim a maximum of $1,050 for one child under age 13 ($2,100 for two or more kids).
A slate of itemized deductions may be out of reach for many, however. For instance, you can only claim up to $10,000 for the state and local tax deduction.
Here’s another break that’s out: Miscellaneous itemized deductions — which allowed you to deduct unreimbursed employee costs, tax preparation fees, investment expenses and more, as long as they exceeded 2 percent of your adjusted gross income.
Find a list of itemized deductions that you may miss on your 2018 tax return here.
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