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Do you take the itemized deduction on your tax return?
The One Big Beautiful Bill Act (OBBBA) includes several permanent changes that directly affect taxpayers who take the itemized deduction. Some provisions take away opportunities, while others preserve valuable tax breaks. Here’s what you need to know: Permanent repeal of miscellaneous itemized deductions The Tax Cuts and Jobs Act (TCJA) suspended miscellaneous itemized deductions for 2018-2025. But the OBBBA makes that suspension permanent! This means you can no longer deduct
Oct 142 min read
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