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

To: WildHighlander57

“Property Tax is deductible, as are charitable/church contributions.”

Yes, they are, but with the standard deduction at $12,950 this year (plus $1400 for us old coots), unless you’ve got a nice chunk of mortgage interest to claim you’ll be hard pressed to find enough. Over the years they’ve taken away deductions while raising the standard deduction. So, unless you’re self-employed, rich or in a special circumstance, you are better off going short form.

That’s why this is such a kick in the teeth. You’re going to have to jump through a lot of hoops and probably pay a tax preparer just to save a buck, maybe.

Better to just wince and pay.


113 posted on 11/27/2022 7:41:38 AM PST by Not_Who_U_Think
[ Post Reply | Private Reply | To 107 | View Replies ]


To: Not_Who_U_Think

If someone is in a high property tax state, and does the 10% tithe to church, it can add up, even without a mortgage.

But I agree, it’s kicking people in the teeth...


120 posted on 11/27/2022 12:07:33 PM PST by WildHighlander57 ((the more you tighten your grip, the more star systems will slip through your fingers.) )
[ Post Reply | Private Reply | To 113 | 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