SARAH SKIDMORE SELL
Associated Press
It's that time again.
The IRS began accepting and processing tax returns for individuals on Monday.
Last year's filing season was an adjustment for taxpayers and industry professionals alike as it was the first under a massive overhaul of federal tax law. While this year's season is expected to be more sedate, there are a few tweaks to be aware of.STANDARD DEDUCTION
The standard deduction doubled under the new tax law that took effect in 2018. In turn, the number of taxpayers who took that instead of itemizing on their taxes jumped sharply. An estimated 90% of taxpayers are expected to take the deduction this year.
While the standard deduction usually increases each year for inflation, it's worth keeping the figure in mind as taxpayers adjust
