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Personal Finance and Investing

rinopa

(11 posts)

11. Itemizing

Reply to question everything (Original post)

Sat Feb 16, 2019, 04:40 PM

Feb 2019

The other issue was the capping of itemized deductions for state and local taxes at $10,000. Those in high tax states or municipalities were previously able to deduct them fully, but now are restricted to the 10K. This loss contributes to their higher federal tax bill as compared to previous years.

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Expecting a Big Tax Refund? Don't Be So Sure [View all] question everything Jan 2019 OP

Many taxpayers are ignorant MichMan Jan 2019 #1

Frankly, all taxpayers are ignorant. My taxes are mildly complicated and I have an economics Squinch Jan 2019 #2

At least I understand that a tax refund is only my own money MichMan Jan 2019 #3

I think that is very true. Squinch Jan 2019 #4

Not all refunds are a return of what the person paid in. Some people get the progree Jan 2019 #5

Tax Fraud is an issue when people deliberately cheat the system MichMan Jan 2019 #6

Nope, it's not tax fraud. Her reported income was $16,000 or $17,000 and has one child. progree Jan 2019 #7

Just hate it when people cheat the system. Good to know that wasn't the case MichMan Jan 2019 #8

😂😂😂 Me too n/t progree Jan 2019 #9

My taxes are just complicated enough that I cheerfully employee an accountant to do them. PoindexterOglethorpe Jan 2019 #10

Itemizing rinopa Feb 2019 #11