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5. As a result of the TCJA (Tax Cuts and Jobs Act of 2017), more taxpayers will take the standard deduction over the itemized deductions.State
5. As a result of the TCJA (Tax Cuts and Jobs Act of 2017), more taxpayers will take the standard deduction over the itemized deductions.State three reasons for this.Two reasons are based on the work you did in this assignment.The third reason has to do with the size of the standard deduction (see Forms 1040 for 2017 and 2018; be specific).
5a. Reason 1
5b Reason 2
5c Reason 3
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