General Discussion

mchill

(1,193 posts)

36. You mean my big $14.50 a month????

Tue Dec 19, 2017, 01:48 PM

Dec 2017

I actually sat down Saturday, after the "final bill" and calculated my actual "tax relief." I live on a pension, have a mortgage, state income tax, property taxes and I currently itemize. My Schedule A is about $10,900, so $12k is nice, but losing the personal exemption of $4050 is HUGE. I will turn 65 next year, so get slight relief with the extra SD of $1550 added to that $12k (they didn't kill that), but obviously not my normal deduction to my AGI without that personal exemption. I retired earlier than planned due to cancer.

I come up short about $800 a month as it is.

So what am I spending it on? My contribution to my health insurance goes up $15.50 next year.

Tax Relief? $1 a month Maybe a lottery ticket?

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Has anyone decided where they will spend their tax cut in 2018 yet? [View all] still_one Dec 2017 OP

McDs value menu. Get a couple hash browns Roland99 Dec 2017 #1

Maybe you can get a new yacht in your happy meal!!! still_one Dec 2017 #6

... Roland99 Dec 2017 #9

We will soon see how many fall for this scam. Excellent video!!! still_one Dec 2017 #14

Won't come until 2019 (if at all) Yavin4 Dec 2017 #2

Buy now, pay later.......... still_one Dec 2017 #4

If bill passes this year, IRS says withholding tables could be modified by February. Hoyt Dec 2017 #12

I dont want it but i will get around $850 doc03 Dec 2017 #28

When someone decides to attack the debt seriously, it is going to be ugly. Hoyt Dec 2017 #42

I think the Democrats made a fatal mistake doc03 Dec 2017 #47

I work for a major brokerage firm Yupster Dec 2017 #58

+1. Not only that, the minute we talk seriously about taking it, it will plunge in Hoyt Dec 2017 #61

At the grocery store where prices will continue to rise. democratisphere Dec 2017 #3

for a lot of folks they can count on health insurance premiums rising I suspect still_one Dec 2017 #7

We can be assured that the American Criminal Enterprise Healthcare System democratisphere Dec 2017 #17

Hew about donate to the DNC fund. Joe941 Dec 2017 #5

On my increased health insurance premium. NCTraveler Dec 2017 #8

My health insurance increase in 2018 leaves me with $1 a month to play with mchill Dec 2017 #37

I'm truly sorry. NCTraveler Dec 2017 #44

I am still luckier than you mchill Dec 2017 #46

Scotch Dirty Socialist Dec 2017 #10

+++++++++++++++++++++++++++++++++++++++++++ still_one Dec 2017 #15

Well, theoretically, it will be cheaper. jeffreyi Dec 2017 #26

++++++++++++++++++++++++++++++++++ emulatorloo Dec 2017 #57

Not yet. yallerdawg Dec 2017 #11

Actually kwalter66 Dec 2017 #21

So you're saying... yallerdawg Dec 2017 #24

I'm buying a pack of Lifesavers ProudLib72 Dec 2017 #13

I might buy one of those nifty MAGA caps. lpbk2713 Dec 2017 #16

Paying for the increase in taxes that I will see.... Pachamama Dec 2017 #18

Buy postage stamps now the price goes up. Historic NY Dec 2017 #19

Buy stamps from coin and stamp shops. roamer65 Dec 2017 #53

We used to have an old corner grocery where I could buy some penny candy. Frustratedlady Dec 2017 #20

I'm not sure how it affects retirees, but mine will go straight into health care. femmocrat Dec 2017 #22

Put it toward Madam Mossfern Dec 2017 #23

right behind you burnbaby Dec 2017 #31

Earplugs jmowreader Dec 2017 #25

Probably in debtors prison Kablooie Dec 2017 #27

I'm gonna buy a tent to live in nini Dec 2017 #29

So many thefts are aimed squarely at people like us Hortensis Dec 2017 #30

The dollar stores are gonna make a killing Iliyah Dec 2017 #32

Refund? Refund? Don't talk to me about "refund"! I just increased by deductions by $2k. All NCjack Dec 2017 #33

Increase my 401K contribution. nt hack89 Dec 2017 #34

The tax scam may actually give me a small tax cut, but I am not sure what if any it will be. Thomas Hurt Dec 2017 #35

You mean my big $14.50 a month???? mchill Dec 2017 #36

Saving for my 2019 tax increase. Johonny Dec 2017 #38

I need a carwash. librechik Dec 2017 #39

does that include the gratuity? still_one Dec 2017 #40

I promise not to kick the robots. They don't accept extra tokens. librechik Dec 2017 #41

Getting into a pay toilet MFM008 Dec 2017 #43

It's going to have to go towards my INCREASE in taxes. . . n/t annabanana Dec 2017 #45

I'll use it to pay 1/11,240 th of my medical bills. n/t LuckyCharms Dec 2017 #48

my extra 70 cents a day Wil go towards Chipper Chat Dec 2017 #49

Writing a Check to a Billionaire Wiseman32218 Dec 2017 #50

To pay for the increase in my health insurance premiums. roamer65 Dec 2017 #51

I already did tazkcmo Dec 2017 #52

Starbucks... maybe once or twice a week??? lapfog_1 Dec 2017 #54

Gummi Bears. VOX Dec 2017 #55

You ungrateful bastards. Crumbs cost MONEY! Eyeball_Kid Dec 2017 #56

Taco Bell? muntrv Dec 2017 #59

Probably paying our tax preperar's bill... CTyankee Dec 2017 #60

Which will probably cost more with all the new changes still_one Dec 2017 #62