What is Changed?
The new tax law nearly doubles the standard deduction to $12,000 for single tax payers and $24,000 for joint filers, also eliminates or caps some popular deductions that tax payers itemized in the past, for example, there now is a $10,000 cap on deductions for state and local taxes that are paid starting in 2018, which include any combination of property, income and/or sales taxes.
What to Do?
Do not assume that you should itemize for the 2018 tax year and beyond even you have done so in the past. Add up all your allowable deductions to decide whether they still save you more than the standard deduction or not.