Steve Patch is President and CEO for The Lally Group, and recently on WKHM he talked about some key changes to the 2018 income tax return that you should be aware of.

“There’s some limitation on mortgage interest. They wanted to do away with using the home equity as a credit card, so they eliminated home equity deduction for mortgage interest. You’ll still get your primary mortgage.” Patch said. “Charity contributions, similar to what its been, there’s been slight changes in that. The big whammy is the elimination of the miscellaneous itemized deduction. So for a lot of people, if you have a job and your employer doesn’t reimburse you for all your expenses, or if you take mileage on your personal return, that’s out the window now.”