Tax Reform Series 9 – Personal & Dependency Exemptions Suspended

Plain Language of Change:

  • The deduction for personal and dependency exemptions is temporarily repealed from January 1, 2018 until December 31, 2025
  • Withholding tables will be modified after 2018

Detailed Analysis of Personal & Dependency Exemptions Suspended

Cordasco & Company PC is a boutique CPA firm specializing in federal and state tax issues. We provide customized tax and accounting services specifically designed to help our clients capitalize on the rapidly changing tax and accounting environments.

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