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re: Just got IRS letter - update

Posted on 4/29/24 at 5:16 pm to
Posted by MFn GIMP
Member since Feb 2011
19486 posts
Posted on 4/29/24 at 5:16 pm to
quote:

We do well but not over 400k, barely 300 - standard deduction

Standard deduction at 300k? Really?
Posted by Strannix
District 11
Member since Dec 2012
49101 posts
Posted on 4/29/24 at 5:18 pm to
quote:

Standard deduction at 300k? Really?


Why would this surprise you? Thats not much money in 2024
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37198 posts
Posted on 4/29/24 at 8:14 pm to
quote:

Standard deduction at 300k? Really?


SALT cap, 2.5% interest rates, and not a lot of charity

Happens a lot with the higher standard deduction
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