1) Which of the following recent tax law changes is not scheduled to expire

after 2025?

A. Suspension of Personal Exemptions

B. General lowering of individual tax rates

C. Restrictions on the deduction of casualty and theft losses

D. Reduction of corporate tax rates to 21 percent

2) More taxpayers with big medical bills will be able to deduct them after the tax law changes, because the deduction threshold has been lowered. Unreimbursed expense in excess of which percentage of AGI can be deducted in 2019?

A. 7.5 %

B. 8.5%

C. 10 %

D. 12%

3) The new tax law turns the taxation of alimony upside down. In the past, alimony payments were deductible by the ex-spouse who paid them and treated as taxable income by the recipient. Soon the reverse will be true.

True or False