PHOENIX (FOX 10) -- Taxpayers, say hello to the new tax law for 2019 and goodbye to some popular deductions.
Certified public accountant Michael Banks says parents and big families will definitely see a change.
"So everyone was getting $4,050 per person on their tax returns," he said.
The dependent exemption is gone, but there's still some good news.
"The design really offsets that, so I think that's not going to hurt people that much."
No more tax break for movers.
"If that's something you were going to use in 2018 and you're moving next year and your company doesn't pay you for it, you are just going to miss out," said Banks.
Business expenses that aren't reimbursed also can't be filed. Banks says that could hurt people who travel far for work.
"If you don't get reimbursed by your employer, you may want to go and say, 'hey, we need to renegotiate this or I'm going to get killed in taxes.'"
Also, no more deductions for alimony.
"If you are in the middle of a divorce and you are paying alimony, you want to get it done by the end of the year.. if you are receiving alimony, then you want to wait until January 1, because it only applies to divorces that happen January 1, 2019 and beyond," explained Banks.
All these changes can bring worry.
"I'm concerned the new tax code benefits the wealthy and not necessarily the working people."
But Banks says small business owners may be the winner.
"We have been doing tax projections since November and have seen our smaller business owners have a higher income and pay lesser taxes."
And come tax season, the changes could pay off for the many.
"Most people with a flat income, we have seen less tax."