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Soon we will be hearing the question: Donald Trump, a great president or the greatest president?
I'm saving a bunch of money too.Anyone gotten paychecks in February yet? Looks like I'm set to save ~$400 a month on federal taxes. Can't complain.
Yeah i’m saving especially with OT. Did these changes take effect in February? I’m saving a ton more than January based on first February paycheck.Anyone gotten paychecks in February yet? Looks like I'm set to save ~$400 a month on federal taxes. Can't complain.
Yeah i’m saving especially with OT. Did these changes take effect in February? I’m saving a ton more than January based on first February paycheck.
Anyone gotten paychecks in February yet? Looks like I'm set to save ~$400 a month on federal taxes. Can't complain.
I’m looking at 230 myself and similar for the wife
I'm saving a bunch of money too. Love it
Yeah i’m saving especially with OT. Did these changes take effect in February? I’m saving a ton more than January based on first February paycheck.
Try the calculator here: Tax Plan Calculator by Maxim LottYou guys do realize this change in withholding means NOTHING, right. There have been massive changes in the way you can take deductions. Every person is different and you need to look carefully at your own situation or on April 15, 2019, you could get the financial screwing of a lifetime. I don't know where I will come out, but on first blush it doesn't look good for me. I have 34,000.00 in itemized deductions. I will lose that and the personal exemption for me and my wife and replace that with a 24,00000 standard deduction. That means 18K more will be subject to tax for me. I don't know if the drop in rates will make it up. Payroll withholding is not always equal to taxes owed at the end of the year. Buyer beware,,,,,,,
You guys do realize this change in withholding means NOTHING, right. There have been massive changes in the way you can take deductions. Every person is different and you need to look carefully at your own situation or on April 15, 2019, you could get the financial screwing of a lifetime. I don't know where I will come out, but on first blush it doesn't look good for me. I have 34,000.00 in itemized deductions. I will lose that and the personal exemption for me and my wife and replace that with a 24,00000 standard deduction. That means 18K more will be subject to tax for me. I don't know if the drop in rates will make it up. Payroll withholding is not always equal to taxes owed at the end of the year. Buyer beware,,,,,,,
You guys do realize this change in withholding means NOTHING, right. There have been massive changes in the way you can take deductions. Every person is different and you need to look carefully at your own situation or on April 15, 2019, you could get the financial screwing of a lifetime. I don't know where I will come out, but on first blush it doesn't look good for me. I have 34,000.00 in itemized deductions. I will lose that and the personal exemption for me and my wife and replace that with a 24,00000 standard deduction. That means 18K more will be subject to tax for me. I don't know if the drop in rates will make it up. Payroll withholding is not always equal to taxes owed at the end of the year. Buyer beware,,,,,,,
I am aware, there are many people in my state that are concerned (I live in a heavily taxed state) and it is a current topic of debate as to how they want to handle things. My only itemized deduction is the ~$10k I pay in state income taxes so I'm likely going to come out on top.
You guys do realize this change in withholding means NOTHING, right. There have been massive changes in the way you can take deductions. Every person is different and you need to look carefully at your own situation or on April 15, 2019, you could get the financial screwing of a lifetime. I don't know where I will come out, but on first blush it doesn't look good for me. I have 34,000.00 in itemized deductions. I will lose that and the personal exemption for me and my wife and replace that with a 24,00000 standard deduction. That means 18K more will be subject to tax for me. I don't know if the drop in rates will make it up. Payroll withholding is not always equal to taxes owed at the end of the year. Buyer beware,,,,,,,
If you are single then yes, you come out ahead.
The $10 k tax deduction (state, property tax) is not just for singles but also for couples.
So stay single. Don’t get married. Don’t live in a state with high income tax. Don’t buy a house.
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I actually agree with Trump on gas tax increase. We need this money so rebuild our infrastructure.
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