With the recent tax law changes it is going to be a great idea for everyone to do a mid-year tax projection as there are big changes, especially for people living in Blue States. From what I understand the personal exemption is gone and the State and Local Tax deduction is capped at $10,000 per household. The standard deduction has been increased to $12,000 per person and $24,000 for joint filers.
The overall brackets have been reduced which should be a good thing for many of you.
There is a ton of information available on the web regarding the new tax law and how it might impact you. As I know that so many of you are gung ho about taxes it would most likely be a good idea to invest a few dollars in paying your tax preparer to calculate your 2018 tax picture ahead of time.
Better this than an ugly surprise come next April!