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philf99

(238 posts)

8. Deductions and Exemptions

Reply to watoos (Original post)

Sun Dec 9, 2018, 12:03 PM

Dec 2018

When they prepare their 2018 tax returns many Americans are going find many of the deductions they were use to taking are gone. All Americans are going to lose the exemptions they were use to.

I have done a preliminary tax analysis and my taxes are going up.

It may be late but check your withholding's. This was definitely a tax cut for the wealthiest Americans not Joe Sixpack

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15 replies

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Highlight:

Trump/GOP Tax scam [View all] watoos Dec 2018 OP

I work for a living and don't live in a house. I estimate I will pay 3000 more this year. Squinch Dec 2018 #1

deplorables will blame it on the dem house majority that doesn't yet exist mucifer Dec 2018 #2

You mean they got a "refund". marybourg Dec 2018 #3

Sorry, my bad, I did mean refund. watoos Dec 2018 #4

i feel you are correct. A cap on the SALT will leave many on the coasts paying significantly c-rational Dec 2018 #5

Is the new TurboTax and TaxCut software out yet? PeeJ52 Dec 2018 #6

The bad news is the scam is still in play. cos dem Dec 2018 #7

Deductions and Exemptions philf99 Dec 2018 #8

They didn't even have W-4's last year, watoos Dec 2018 #13

You have been flim flammed Racerdog1 Dec 2018 #9

There are many new tax points aimed at small businesses, deductions for tax preparation fees etc etc BSdetect Dec 2018 #10

One thing I've been thinking about with regards to eliminating... llmart Dec 2018 #11

Here is the tax scam everyone is about to find out ... aggiesal Dec 2018 #12

It gets worse, watoos Dec 2018 #14

I'm blessed in that I don't make enough to pay federal or state income tax. Kaleva Dec 2018 #15