New look to your 1040 this year

The new year will mean new changes in income tax filing.

1040 forms will look different, they'll be the size of a postcard, but there'll still be six pages of information to be filled out.

Tax breaks for home mortgage interest and home business expenses are gone, but standard deductions will be much bigger. That's expected to eliminate itemized deductions for most people.

Iowa Governor Kim Reynolds is expected to discuss some possible changes to Iowa's tax regulations in her Condition of the State Address on January 15.

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