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To: alancarp

This is absurd. My property taxes, which are very high in Texas ($14k a year for us) are my ONLY deduction I’m allowed.


13 posted on 09/28/2017 1:09:02 PM PDT by TexasGunLover ("Either you're with us or you're with the terrorists."-- President George W. Bush)
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To: TexasGunLover
My property taxes, which are very high in Texas ($14k a year for us) are my ONLY deduction I’m allowed.

Since Texas is one of the no State Income Tax states, you should be able to take your sales tax deduction (6.25-8.25%) as well, right? The CURRENT rule is compute both and take whichever is highest. There is an IRS 'safe harbor' default value based upon income if you, like most people, do not keep exact records.

I am only writing this in case you are forgetting that deduction.

34 posted on 09/28/2017 2:09:05 PM PDT by SES1066 (Happiness is a depressed Washington, DC housing market!)
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To: TexasGunLover

The higher proposed standard deduction will more than cover your property tax deduction.


66 posted on 09/29/2017 7:49:52 AM PDT by AndyJackson
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