What you need to know about the new tax law as filing season begins

Families with children will notice that the new tax law has boosted the child tax credit to $2,000 for each kid under age 17, which is double the amount under the old law.

The dependent and childcare credit is also still around: You may claim a maximum of $1,050 for one child under age 13 ($2,100 for two or more kids).

A slate of itemized deductions may be out of reach for many, however. For instance, you can only claim up to $10,000 for the state and local tax deduction.

Here’s another break that’s out: Miscellaneous itemized deductions — which allowed you to deduct unreimbursed employee costs, tax preparation fees, investment expenses and more, as long as they exceeded 2 percent of your adjusted gross income.

Find a list of itemized deductions that you may miss on your 2018 tax return here.

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