Last years's Tax Cuts and Jobs Act of 2017 made significant changes to federal tax laws – new tax brackets, capping some tax deductions and eliminating a few others.
Those changes will determine how much money people can write off on their taxes when they file in 2019. To avoid a nasty surprise, taxpayers should make a date with their financial planners or accountants before the end of the year to huddle about any last-minute strategies and review their most recent tax return.