Quote:
Originally Posted by VRPdommy
local taxes deductions
|
Again the local taxes deduction changes, as I understand them, primarily impact only high income people. What annual income are you considering to be so downtrodden they need more of a break than they will get with caps on local tax deductions? Keeping in mind that people whose income derives from business activity, as I understand it, are getting new breaks.
Disclaimer: hire a professional accountant and have them tell you whether you are doing worse or better and what the broader impacts are. Don't learn accounting principles from agendized news and GFY.