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8 Tax Deductions Eliminated (or Reduced) Under the New Tax Law

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The Tax Cuts and Jobs Act lowered tax rates and nearly doubled the standard deduction, which is expected to reduce taxes for about 65% of taxpayers, according to the Tax Policy Center. But an estimated 29% of Americans will see no change to their tax bill, and 6% of you will pay more. If you’re one of the unfortunate taxpayers who don’t get a lower tax bill, it might be because the tax overhaul scrapped or capped some popular tax breaks.

Here are 8 common tax deductions that were repealed or limited by the new tax law.

SEE ALSO: The Most-Overlooked Tax Breaks and Deductions

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