“This American family was crushed by the “tax cut”
High tax State with big mortgage interest?
No, the doubled standard deduction made itemizing useless (so that part was fine); my taxes are under $10,000 and I don’t have a large mortgage or high rate (though many in NJ/NY fit what you describe). By removing the exemptions for dependents, it basically increased my taxable income by $20,000+.
If you look up who was hurt by this tax cut (on any site you prefer), you’ll see that many families with children were.