Federal tax reform could limit Kansans ability to itemize

0
1234
Photo credit: Chris Potter

Kansas taxpayers may been been unwittingly hurt when Congress reformed the tax code last year.

The new Tax Cuts and Jobs Act discouraged taxpayers to itemize their deductions when it nearly doubled the standard deduction to $12,000 for single filers and $24,000 for couples filing jointly.

Federal tax reform also made itemizing less appealing, partly because it reduced the value of some popular deductions such as capping the state and local tax deduction for property or income taxes.

The hitch in Kansas is that taxpayers taking the standard deduction on the federal return would be locked into taking . . .

SSJ

This content is restricted to subscribers. Click here to subscribe. Already a subscriber? Click here to login.