The following tax law changes are for the 2022 tax year:
- PMI is no longer deductible
- The CTC, ACTC and EIC have been reversed back to pre 2021 amounts
- Educator Expenses are increased from $250 to $300
- Dependent care Benefits returned to pre-2021 amounts
- New 1040 Form layout
- New Schedule 1, 2 and 3 layout