Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Presbyterian Reporter

I read somewhere that the extra deduction for Seniors and the blind of $1300 was preserved. If that’s true, for a single senior (my category), I think it means I get to deduct $13,000. Because I’m upper poor, the remaining taxable income will fall into the 10% category. For me, it’s a slight advantage. What’s good for the economy is that these slight boosts for a great part are spent in the local economy.


15 posted on 12/24/2017 5:00:06 AM PST by grania (Deplorable and Proud of It!)
[ Post Reply | Private Reply | To 5 | View Replies ]


To: grania
I believe so. More info here:

https://www.cnbc.com/2017/12/22/the-gop-tax-overhaul-kept-this-1300-tax-break-for-seniors.html

28 posted on 12/24/2017 5:46:57 AM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson