All Hokie, All the Time. Period. Presented by

The Lounge Board

fordham

Joined: 07/21/2015 Posts: 14796
Likes: 6441

What's this?

The mortgage cap is based on a $500k house, not many people


have a house mortgage that large. But those that do are probably high earners and were losing itemized deductions anyways due to the phase out as your AGI climbs

(In response to this post by vt90)

Posted: 11/02/2017 at 5:17PM


+1

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


75
Hide This

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
  A lot of people like me stopped itemizing when the mortgage rates dropped. -- IB4TECH 11/02/2017 4:23PM
  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
  There are fewer deduction categories for people who can't expense on C o E ** -- lchoro 11/02/2017 2:06PM
  More people will use standard, yes. -- Hokie CPA 11/02/2017 1:42PM
  Agree in general ... -- vt90 11/02/2017 1:54PM
  Our government is totally disfunctional... not sure how we -- HokieSignGuy 11/02/2017 1:45PM
  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
  You can file married filing seperately but that usually results -- fordham 11/02/2017 2:45PM
  Have your kids now and don't push it off into the new year -- lchoro 11/02/2017 2:08PM
  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

Tech Sideline is Presented By:

Our Sponsors







vm307