The partial shutdown of the federal government may delay refunds of income tax payments, but taxes are still due April 15th. In addition, the tax reform enacted in 2018 is now in effect which brings numerous changes for everyone filing.

Important things to know as employers begin sending out W-2 and 1099 forms:

The standard deduction has almost doubled to $12,000 for individuals and $24,000 for married couples filing jointly. Additionally, many deductions that used to be itemized now have significant caps. The total deduction permitted for state and local taxes now tops out at $10,000, while it was unlimited. This is significant in states that have high property taxes, such as California and New York.

The amount of mortgage debt on new home purchases that previously could be deducted was $1 million, but now is $750,000.