2018 Annual Tax Update – Tax Cuts and Jobs Act (TCJA) and More!

Alexander Efros, MBA, EA, CPA, CFP® from Efros Financial details the changes applicable to tax year 2018 per the Tax Cuts and Jobs Act (TCJA) as well as other major changes (including the New Form 1040).

You may skip ahead to any particular section using the links below (please click the pertinent timestamp):

0:28 – 1. The Brand New Form 1040 (Postcard Filing)
7:59 – 2. Increased Standard Deductions
10:12 – 3. Exemptions Are No Longer Applicable
12:06 – 4. New ,000 Limitation for State and Local Taxes
15:20 – 5. Miscellaneous Itemized Deductions (2%) Have Been Eliminated
17:45 – 6. New Limitations for Mortgage Interest Deductions
19:33 – 7. Alternative Minimum Tax Changes for Individuals
20:36 – 8. Limits on Itemized Deductions Have Been Eliminated
21:14 – 9. New Qualified Business Income (QBI) Deduction (Section 199A)
24:18 – 10. DANCE PARTY
24:35 – 11. Changes to the C-Corporation Tax Rate and the Alternative Minimum Tax (AMT)
25:21 – 12. Wrap-Up

Efros Financial is a Los Angeles-based CPA firm providing financial planning and tax preparation/resolution services. Learn more at www.efrosfinancial.com.

Have questions? Send them to questions@efrosfinancial.com to be featured in an upcoming video!

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ABOUT CA VIJAY GAURAV
CA VIJAY GAURAV is graduated from “University of Delhi” and a fellow member of “The Institute of Chartered Accountants of India” qualified in 2002.

He is a reputed tax consultant practicing in the field of Direct & Indirect Taxes.

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“Simplified Notes on DIRECT TAX”for students of CA-Final,

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Click Here to Leave a Comment Below 6 comments
MrsBalanceSheet

Came here from TaxPro Forum and wanted to compliment you. I think the video is great. I've done this in past years and my clients loved it. Too busy this year. Happy tax season.

Reply
Isaac B

The only thing that is stopping me from sharing are the “funny” clips. Remove clips like “moment of silence” and “lets dance” and I’ll be able to share future videos. Otherwise, The jokes within were good. LOVE THE HAIR!

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Chanchal Talan

Thanks

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Ramkumar Dhakad

Very supportive thanks

Reply
Gaurav Mittal

Sec 112 : 5:50 onwards

Reply
Ridam jain

Thank you so much

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