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21 Dec 2017, 11:02 am
By Dan LesserCongressional Republicans dealt a major blow to our country’s commitment to equal opportunity for all earlier this week when they passed their deeply unjust tax plan.As we’ve written, the plan will deliver massive tax cuts to our country’s wealthiest households and largest corporations, while raising taxes on millions of low- and moderate-income families. [read post]
20 Dec 2017, 12:19 pm
Itemized Deductions. [read post]
19 Dec 2017, 8:17 am
Our sixth household (Soren and Linnea) also itemizes. [read post]
18 Dec 2017, 1:18 pm
The standard deduction is now: Individuals: $24,000 if married joint Heads of Household: $18,000 Single and Married Separate filers: $12,000 Indexing rates and other tax items (dependency exemption ) for inflation has been repealed. [read post]
18 Dec 2017, 8:47 am
Increases the standard deduction to $12,000 for single filers, $18,000 for heads of household, and $24,000 for joint filers in 2018 (compared to $6,500, $9,550, and $13,000 respectively under current law). [read post]
17 Dec 2017, 10:42 pm
[fn1] They don’t itemize. [read post]
16 Dec 2017, 4:03 pm
A larger standard deduction combined with limited itemized deductions makes it likely that more households will benefit from simply taking the standard deduction, which in turn makes them less likely to have AMT liability. [read post]
15 Dec 2017, 6:30 pm
Miscellaneous Itemized Deductions. [read post]
15 Dec 2017, 3:24 pm
Eliminates other itemized deductions. [read post]
14 Dec 2017, 3:39 pm
Many single persons will experience a tax decrease, which will occur primarily for those who do not itemize deductions, since their standard deduction will increase. [read post]
13 Dec 2017, 1:55 pm
But you can claim some tax breaks even if you don’t itemize. [read post]
12 Dec 2017, 9:02 pm
The self-storage landscape in the U.S is changing as many households store excess items in storage facilities. [read post]
12 Dec 2017, 6:48 am
Vehicles purchased or leased for personal, family, or household purposes. [read post]
11 Dec 2017, 10:47 am
The phaseout threshold for the child tax credit is also increased: for married households, it rises from $110,000 to $230,000. [read post]
8 Dec 2017, 12:07 pm
., 2017) the Appellate Division held that the Support Magistrate properly imputed income to the father based on his future earning capacity and the funds he received from his wife to pay his expenses, where he had access to his wife’s bank accounts which were used to pay the household’s expenses. [read post]
8 Dec 2017, 12:07 pm
., 2017) the Appellate Division held that the Support Magistrate properly imputed income to the father based on his future earning capacity and the funds he received from his wife to pay his expenses, where he had access to his wife’s bank accounts which were used to pay the household’s expenses. [read post]
8 Dec 2017, 10:34 am
In tax year 2015, 46 percent of the MID’s benefits flowed to households making $200,000 or more according to the Joint Committee on Taxation. [read post]
4 Dec 2017, 4:17 pm
And given that this maneuver would make state taxes excludible for non-itemizers as well, the net effect could even be to lose money for the federal government. [read post]
3 Dec 2017, 2:57 pm
Other Itemized Deductions. [read post]
30 Nov 2017, 9:15 am
Of those 11 items, five are from 2017 and two are from 2016, and the others are all from 2013 or earlier. [read post]
