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re: Here's the new tax brackets in case you're wondering.
Posted on 12/21/17 at 8:23 am to The Mick
Posted on 12/21/17 at 8:23 am to The Mick
The way I understand this is that pretty much everyone gets a % reduction in their taxes. However people that had a bunch of write offs might not see a reduction. For example a guy I know has 10 LSU Football season tickets. So the write offs he gets from the "TAF Donations" wouldn't be a write off anymore. So he might actually pay more in taxes.
Is this correct? By the way I see no problem with this being done.
Is this correct? By the way I see no problem with this being done.
2
Posted on 12/21/17 at 8:25 am to civiltiger07
This is correct though I would guess all but the most extreme examples will see at least a modest savings
Posted on 12/21/17 at 8:49 am to civiltiger07
quote:The standard deduction is actually doubling I believe. I'm not sure how itemized deductions will be handled.
However people that had a bunch of write offs might not see a reduction
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