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re: How's the new tax laws treating you?

Posted on 1/23/19 at 9:21 am to
Posted by Teddy Ruxpin
Member since Oct 2006
39625 posts
Posted on 1/23/19 at 9:21 am to
I think the average person is going to have a rough time getting to itemizing without high property taxes and/or large mortgage.
This post was edited on 1/23/19 at 9:21 am
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7544 posts
Posted on 1/23/19 at 10:58 am to
quote:

I think the average person is going to have a rough time getting to itemizing without high property taxes and/or large mortgage.

The property tax is rolled in with state income tax deduction and capped at $10k. That's not hard to hit with two incomes.

I guess I need to buy a bigger house.
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