Litchfield Board News
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Online Continuing Education

Countertops 101

BARRON & COMPANY, LLP

PRESENTS

AT NO COST TO MEMBERS

Highlights of the
2017 Tax Law Changes

Tuesday, April 17, 2018
10:00 AM - 12:00 PM

Location: LCBR Board Office
21 Prospect St., Suite E in Torrington


TOPICS COVERED

  • Tax bracket reductions

  • Standard deduction increases

  • Elimination of exemptions

  • Increase to child tax credit

  • Individuals - Itemized Deductions

    • Limitation on state and local tax deductions (SALT)

    • Repeal of miscellaneous (2%) itemized deductions
       

  • Businesses - Income & Deductions

    • Passthrough deduction and what it means for the self-employed

    • Expenses related to open houses and entertainment expenses

    • New rules for depreciating automobiles
       

  • Mortgage Deductions & Moving Expenses

    • Clarification of deduction for interest on home equity loans

    • New limit for home acquisition indebtedness

    • Moving expenses

 

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