3 Misconceptions About the New Tax Code That Could Hurt You

https://www.fool.com/retirement/2019/01/03/3-misconceptions-about-the-new-tax-code-that-could.aspx

Maurie Backman
(TMFBookNerd)
Jan 3, 2019 at 6:08AM

The 2018 tax overhaul brought a lot of changes to the tax code as we knew it. And now, even a year later, there is still a lot of misinformation about the new rules and how they work. As we gear up for a new tax year, here are three misconceptions you shouldn't buy into.
1. Mortgage interest is no longer deductible

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2. Itemizing no longer pays

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3. Refunds will be higher under the new system

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