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

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

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Here are 8 common tax deductions that were repealed or limited by the new tax law.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

Read more: https://www.kiplinger.com/slideshow/taxes/T054-S010-8-tax-deductions-affected-by-the-new-tax-law/index.html

7 Companies Getting Hit by the Government Shutdown

7 Companies Getting Hit by the Government Shutdown

The partial U.S. government shutdown is now into its fourth week, making it the longest-ever political standoff of its kind.

While critical functions such as defense and mail delivery still are operating, other less-vital units have been mothballed, including several national parks and many Washington, D.C., monuments. A handful of agencies are somewhere in between, furloughing some nonessential workers while keeping essential ones at work to maintain the absolutely necessary aspects of their service.

The ripple effect of the shutdown, however, has extended well beyond the circle of government employees and agencies. While government shutdowns typically don't hamper the stock market, a few publicly traded stocks and privately owned companies are starting to feel the pinch. These firms either provide contracted services and goods for the government, or cater to government employees who (for now) aren't receiving a paycheck.

Here are seven companies that have been (or that analysts think could be) adversely impacted by the shutdown.

SEE ALSO: 19 Best Stocks to Buy for 2019 (And 5 to Sell)

Read more: https://www.kiplinger.com/slideshow/investing/T052-S001-7-companies-hit-2018-19-government-shutdown/index.html

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