Those new tax breaks Trump is touting come with a catch
A new tax break for overtime work is so complicated the IRS is turning to the Labor Department to help administer it.
A much-touted deduction for auto-loan interest comes with a thicket of stipulations, including that a vehicle had its “final assembly” in the U.S.
And some people taking a new break for tips could find it triggers a separate tax bill that could leave them worse off.
Republicans are counting on those benefits from their new tax law to drive up refunds this year, hoping they'll be rewarded at the ballot box in November. But unlike familiar and relatively easy-to-understand breaks like the Child Tax Credit, President Donald Trump’s new provisions come with fine print that could frustrate taxpayers.
https://www.yahoo.com/news/articles/those-tax-breaks-trump-touting-094600141.html