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[email protected] gfretwell@aol.com is offline
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First recorded activity by BoatBanter: Jul 2007
Posts: 36,387
Default Happy Days are here again!

On Mon, 04 Dec 2017 14:28:40 -0500,
wrote:

On Mon, 04 Dec 2017 12:58:19 -0500, John H
wrote:

On Mon, 04 Dec 2017 10:46:09 -0500,
wrote:

On Mon, 04 Dec 2017 08:45:01 -0500, John H
wrote:

Got my Turbo Tax Home and Business CD. What a great early Christmas present! Wonder if all these tax
changes have been incorporated.


===

Proposed changes are not law yet and won't affect 2017 taxes at all.

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I know, I know...darn it. Would have liked to see the impact. According to our resident tax cheat
I'll be poor. Oh well.


===

Unless you have a *lot* of deductions you'll probably come out ahead
by a little.

The break over point is $25200 if you are less than 65 and not blind.
Two seniors will have to have over $30,000 in deductions to use a
schedule A.
For most of us, we are not even close. It is just gravy to anyone on
the standard deduction now.