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To: CatOwner

you can still itemize if you want... it would just be stupid when you can keep more of your money by taking the now doubled standard deduction.


77 posted on 12/21/2017 11:45:42 AM PST by TexasFreeper2009
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To: TexasFreeper2009

Most of my deductions were wiped out by the AMT, anyway.


78 posted on 12/21/2017 11:46:55 AM PST by dfwgator
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To: TexasFreeper2009
you can still itemize if you want... it would just be stupid when you can keep more of your money by taking the now doubled standard deduction.

So heartwarming to be told I am stupid. Seems like a common tactic on FR when someone indicates they might not be seeing a tax cut.

When excess medical expenses plus property taxes (try Texas!) plus charitable contributions plus two personal exemptions plus one 65+ exemption ($1,500) exceeds $24k, then yes, itemizing on the current tax system may well be more friendly.

81 posted on 12/21/2017 11:52:15 AM PST by CatOwner
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