NJ here, went from $16,000 to $14,000 federal refund this year (I know, I know, never got around to changing witholdings, always seems to get forgotten about after February) with an average $75-$100 more in the paycheck each week, my “crumbs”. Seems to have worked out better, property taxes aren’t terrible for the state at $6,500 and now we’re 18 years into a 30 year mortgage and the interest payment is less. Standard deduction worked out better than itemized.
Thanks for the replies all.
The impression I get is that those heavily invested in their homes ( a conservative investment- it’s what I did but in a low SALT state) and not in the market suffered.
Those with low mortgages generally didn’t.
Hadn’t considered the effect of the change in AMT and fees.
Most interesting is that no one considers the benefit of the change on their portfolio’s stock values in their calculations, only the change it made in their tax bill!
I guess that’s just the way people are though.