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Who benefits from these 7 tax breaks on the chopping clock

November 3, 2017

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President Donald Trump dubbed the tax reform effort unveiled Thursday as “The Cut Cut Cut Act,” and digging into the 429-page bill shows plenty of popular or valuable tax breaks that are on the chopping block. While changes to the legislation could make a big difference to your final tax bill, the loss of “special interest deductions” such as medical expenses, adoption costs or student loan interest can still pack a punch for affected taxpayers.

Here are 7 breaks set to be eliminated under the proposed plan, and how many taxpayers have benefited from them in recent years.

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