{"id":2057,"date":"2023-11-24T05:54:26","date_gmt":"2023-11-24T09:54:26","guid":{"rendered":"https:\/\/www.saudercpa.com\/blog\/?p=2057"},"modified":"2023-11-21T16:02:30","modified_gmt":"2023-11-21T20:02:30","slug":"whats-new-in-tax-deductions-and-credits-for-tax-year-2023","status":"publish","type":"post","link":"https:\/\/www.saudercpa.com\/blog\/2023\/11\/24\/whats-new-in-tax-deductions-and-credits-for-tax-year-2023\/","title":{"rendered":"What\u2019s New in Tax Deductions and Credits for Tax Year 2023?"},"content":{"rendered":"<p><em>Preface: &#8220;Give thanks for a little, and you will find a lot.&#8221;&#8211;Hausa Proverb<\/em><\/p>\n<p><strong>What\u2019s New in Tax Deductions and Credits for Tax Year 2023?<\/strong><\/p>\n<p><em>Credit: Benjamin Gelbart<\/em><\/p>\n<p><em>Tax Year 2023 sees the continuation of the Tax Cuts and Jobs Act of 2017 (TCJA) and the end of COVID-related Tax Relief introduced in the Tax Relief Act of 2020 and the Consolidated Appropriations Act of 2021.<\/em><\/p>\n<p><em>Among other things, this means no deductions are available for unreimbursed employee expenses or for non-business casualty loss outside of federally declared disasters. Moving expenses are only deductible for qualified active-duty members of the Armed Forces. Itemized deduction of state and local tax is still limited to $10,000. There is no deduction for charitable giving outside of itemized deductions.<\/em><\/p>\n<p><strong>Read blog here&#8230;&#8230;<\/strong><\/p>\n<p><em><a href=\"https:\/\/www.saudercpa.com\/blog\/wp-content\/uploads\/2023\/11\/Whats-New-in-Tax-Deductions-and-Credits-for-Tax-Year-2023-1.pdf\">What&#8217;s New in Tax Deductions and Credits for Tax Year 2023<\/a><\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Preface: &#8220;Give thanks for a little, and you will find a lot.&#8221;&#8211;Hausa Proverb What\u2019s New in Tax Deductions and Credits for Tax Year 2023? Credit: Benjamin Gelbart Tax Year 2023 sees the continuation of the Tax Cuts and Jobs Act of 2017 (TCJA) and the end of COVID-related Tax Relief introduced in the Tax Relief &hellip; <a href=\"https:\/\/www.saudercpa.com\/blog\/2023\/11\/24\/whats-new-in-tax-deductions-and-credits-for-tax-year-2023\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;What\u2019s New in Tax Deductions and Credits for Tax Year 2023?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts\/2057"}],"collection":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/comments?post=2057"}],"version-history":[{"count":2,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts\/2057\/revisions"}],"predecessor-version":[{"id":2061,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts\/2057\/revisions\/2061"}],"wp:attachment":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/media?parent=2057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/categories?post=2057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/tags?post=2057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}