General Discussion

roamer65

(36,749 posts) Sun Dec 2, 2018, 03:55 PM Dec 2018

Draft 2018 Federal Income tax tables.

https://www.irs.gov/pub/irs-dft/i1040tt--dft.pdf

I suggest those in high SALT states run the numbers and figure out if ur in for a shock on April 15 or sooner.

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Draft 2018 Federal Income tax tables. (Original Post) roamer65 Dec 2018 OP

Also, though you are getting $5500 more in your standard deduction, you are losing your Squinch Dec 2018 #1

Squinch

(51,104 posts)

1. Also, though you are getting $5500 more in your standard deduction, you are losing your

Reply to roamer65 (Original post)

Sun Dec 2, 2018, 04:03 PM

Dec 2018

personal exemption of 4050. So that 5500 tax deduction they touted so loudly is really just a 1450 deduction, and to pay for it you lose thousands in other deductions. I don't live in a house and I work for a living, and I live in a state with high state and local taxes (hey, SOMEONE has to pay for the roads in all those taker red states!) so I'll be paying about 3K more per year. That's almost 300 per month. That's a payment on a small car.

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General Discussion

roamer65

Draft 2018 Federal Income tax tables.

Squinch

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