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re: GOP tax document reveals plan for massive tax cuts, preserves key deductions
Posted on 9/27/17 at 11:09 am to Mr Meeseeks
Posted on 9/27/17 at 11:09 am to Mr Meeseeks
quote:
Average families have got to be loving the standard deduction being doubled
Most families don't take the standard deduction. This means nothing really, unless they eliminate the mortgage interest deduction, which is why average families itemize.
2
Posted on 9/27/17 at 11:18 am to TBoy
quote:
Most families don't take the standard deduction. This means nothing really, unless they eliminate the mortgage interest deduction, which is why average families itemize.
Not true. According to publication 1304 it is 2 to 1 in favor of standard deduction.
Posted on 9/27/17 at 11:19 am to TBoy
quote:
Most families don't take the standard deduction. This means nothing really,
Convince people with no house payments of that. There are probably as many people that rent or people who don't have a house note any longer that would disagree that this means nothing.
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