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To: terart
Mortgage Interest - fully deductible for mortgage up to 750K. (Currently $1 million - grandfathered I believe if you already have a mortgage that big).

State and Local Taxes Deduction - Max $10K for all combined.

Charity - Still Deductible, must Itemize (no change)

Child Credit - Doubles from $1K to $2K per child

4 posted on 12/13/2017 11:10:22 PM PST by 11th_VA
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To: 11th_VA; Mariner; SkyPilot; carriage_hill; Nextrush; Daveinyork; Red in Blue PA
State and Local Taxes Deduction - Max $10K for all combined.

Better than nothing, better than the $10K on property taxes-only initially proposed by the House, but still a $9K increase in "taxable income" for yours truly in the Peoples Republic of Pennsyltucky.

Some "Christmas present".

HUMBUG.

5 posted on 12/14/2017 12:05:45 AM PST by lightman (ANTIFA is full of Bolshevik.)
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