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To: Kickass Conservative

Well, I’m just pleased to get a bigger standard deduction - and I get it from the State, too. I wasn’t even aware of this until today :-)


41 posted on 01/21/2019 7:39:12 PM PST by Jamestown1630 ("A Republic, if you can keep it")
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To: Jamestown1630

The old Personal Exemption was used whether you took the Standard Deduction or Itemized Deductions.


42 posted on 01/21/2019 8:20:30 PM PST by Kickass Conservative (Democracy, two Wolves and one Sheep deciding what's for Dinner.)
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To: Jamestown1630

Ah, I saw this thread and the page 40 reference threw me slightly too.

I doubt any small business owner is not aware of it by now, but, the (up to) 20% deduction for small business owners (Section 199A deduction) is quite nice too. It is in particular “nice” if one’s spouse works some other job, as that helps get the full deduction, in many cases.


49 posted on 01/22/2019 5:00:01 AM PST by Paul R.
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