NewsLocal News

Actions

Check out tonight’s report on tax changes for 2019

Posted: 1:57 PM, Jan 02, 2019
Updated: 2019-01-02 15:00:25-05

The start of the new year typically means there are some alterations in the tax laws to note.

KRIS-6 news reporter Ashley Portillo is looking into what taxpayers can expect when they file their returns in 2019.

Several big changes are looming, including changes to standard deductions.

A new law has nearly doubled standard deductions, limiting what taxpayers can itemize.

That means more families could choose to simplify their tax-filing process by using standard deductions, compared to itemized ones which could end up being more complicated.

Ashley will provide information about this and other transformations to do with lowered tax rates and child tax credit.

Watch this evening on KRIS-6 News for her report.