The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31068
Likes: 52472


Couple points to note though.... the standard deduction doubled with the


tax changes. It was $24.4K last year for married filing jointly. If your state and local taxes are enough to exceed the standard deduction, you're in a high tax bracket and the lower rates would then offset the lost deduction. Plus if you're in that income level, you were losing your deduction to the pease phase out..

Are you filing single ? That could maybe do it. Pretty much all the modeling I did was for joint filing. I could see a high income single filer in a high SALT area coming out slightly behind.

(In response to this post by Quaker)

Posted: 10/19/2020 at 6:34PM



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