Then as long as your state income tax is <$1800 you are golden, for the next two years - Edit 1
Before modification by Joel at 04/02/2018 07:53:05 AM
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How is this even possible? Facebook and Twitter have both assured me that the tax reform bill only benefits billionaires. Did I become one of the 1% without realizing it?
How is this even possible? Facebook and Twitter have both assured me that the tax reform bill only benefits billionaires. Did I become one of the 1% without realizing it?
Presumably because you receive a salary every month, but will not file your 2018 income taxes until April 2019, which is when we each discover precisely how much of a net gain/loss the sum of the deductions/credits added/removed is for each of us. I definitely advise everyone to compare next years return with the one they file next year, but most people have goldfish memories, so will not; that was a big part of the political calculation here, after all. Just as most people conveniently overlook the fact most of these "cuts" expire by 2020 for every "person" whose last name is not Inc.
Enjoy it while it lasts, man; no one has bought America as cheaply as Putin since the Dutch got Manhattan.