I wonder, can you still file the old 1040 form with the appropriate schedules, or does this new form basically eliminates all deductions too?
This is if you can take the standard deduction and have nothing more complicated. Long form is still avail.
Innovative wrote: “I wonder, can you still file the old 1040 form with the appropriate schedules, or does this new form basically eliminates all deductions too?”
Some deductions are eliminated or capped. But the Standard Deduction goes to $24,000 married.
I’m pleased as can be.