The tax reforms enacted in 2018 are likely to have changed your taxes in many ways – some positive and some negative. You should work with a tax expert to make sure you can take advantage of all the tax benefits that apply to you. If you are a homeowner, here are a couple of tax tips specific to you.
Determine if you should Itemize Your Deductions. Taxpayers only benefit from itemizing if the total itemized deductions are bigger than the standard deduction.
$12K for single taxpayers and $24K for married taxpayers filing jointly. So what can you deduct if you itemize?