The Tax Cuts & Jobs Act has Nearly Doubled the Standard Deduction

The Tax Cuts & Jobs Act has nearly doubled the standard deduction and as a result, the vast majority of taxpayers will no longer benefit from itemized deductions. Even if you take the standard deduction, however, there are still ways retirees may further reduce their tax liability.
Discover How to Reduce Taxable Income in 2018 with a Qualified Charitable Distribution: