WCGreen
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Apr-13-11 01:16 PM
Original message |
By increasing the standard deduction, more and more of my tax clients |
|
that own homes are already not itemizing...
It's a good idea, it simplifies taxes for a whole bunch of people.
|
tnlurker
(698 posts)
Send PM |
Profile |
Ignore
|
Wed Apr-13-11 01:24 PM
Response to Original message |
1. The difference between y itemized and standard deductions |
|
Is around $1000 this year. As it is it will flip the other way in about two more years.
|
WCGreen
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Apr-13-11 01:27 PM
Response to Reply #1 |
2. More than half of my clients don't itemize anymore... |
|
they get more bang for the buck both nationally and personally because of specifically designed credits
|
MineralMan
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Apr-13-11 01:35 PM
Response to Original message |
3. I've only itemized once, the year I had over $20K in medical |
|
bills. Every other year, the standard deduction was a better choice.
|
DU
AdBot (1000+ posts) |
Wed Apr 24th 2024, 01:32 PM
Response to Original message |