what's new in taxes 2020

One Big Beautiful Bill Tax Changes

October 26th, 2026|Taxes|Comments Off on One Big Beautiful Bill Tax Changes

The One Big Beautiful Bill changed more about your taxes than any law since the 2017 Tax Cuts and Jobs Act.  This summary covers the most significant changes that affect taxpayers for 2026. Four new deductions - Schedule 1A These new deductions can be claimed on top of the standard deduction without the need to itemize.  They are reported on Schedule 1-A: No tax on [...Read More]