Tax filers may be in for some jolts thanks to the tax law that hurled through Congress late last year and was signed by President Donald Trump with breathtaking speed.
While it offers tax cuts for corporations and most people, the law also ends or scales back familiar tax breaks and makes other changes you may not have heard about.
How does it affect you? Here are 16 surprising ways the law is shaking up taxes.
1. No more deducting moving expenses
Under the existing tax code, if you moved at least 50 miles to take a new job or start a new business, you could deduct your moving costs — even if you didn't itemize deductions.
Those expenses can be steep, averaging about $4,300 for an out-of-state move, according to the American Moving and Storage Association.
But starting Jan. 1, 2018, Americans won’t be able to deduct moving expenses. The change is scheduled to remain in place until at least 2025.