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vt90

Joined: 12/12/1998 Posts: 44906
Likes: 24266


Pretty significant as currently proposed ...


but who knows how much it will change?

If the current version passes a WHOLE LOT more people will quit itemizing. Pretty much the only deductions left are charity, capped mortgage, and capped property taxes.

(In response to this post by IB4TECH)

Posted: 11/02/2017 at 4:28PM



+1

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Current Thread:
 
  
HokieCPA and other accountant types ... -- vt90 11/02/2017 12:13PM
  Don't think CPAs will lose much business. -- EDGEMAN 11/02/2017 7:46PM
  I'm about three years into using the standard deduction -- Tafkam Hokie 11/02/2017 5:09PM
  Me too! ** -- grill to chill 11/02/2017 6:58PM
  Pretty significant as currently proposed ... -- vt90 11/02/2017 4:28PM
  More people will use standard, yes. -- Hokie CPA 11/02/2017 1:42PM
  Agree in general ... -- vt90 11/02/2017 1:54PM
  Most libertarians agree.... Gridlock Is Good! ** -- Hokie CPA 11/02/2017 2:35PM
  Heck, that is how the government was set up on purpose -- Tafkam Hokie 11/02/2017 5:14PM
  So, an individual's standard deduction will increase? -- HokieSignGuy 11/02/2017 12:28PM
  Well ... -- vt90 11/02/2017 12:32PM
  Oh, I didn't hear that part. -- HokieSignGuy 11/02/2017 1:20PM
  Nowwwwww you tell me!** -- 48zip 11/02/2017 12:35PM

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