The limitation (cap) on the state and local tax deduction is a killer

Shadow_of_the_Dome 4845 posts Original UHND Member

Posted 4:13 pm on Dec 14, 2018

As near as I can estimate at this point, the reduction in tax rate will just about be offset by the reduction in how much I can deduct on state income taxes.

This message has been edited 1 time(s).

Replies 24

The limitation (cap) on the state and local tax deduction is a killer Shadow_of_the_Dome 4:13pm · 12/14/18
- Bingo. Don’tcha love your tax cut? Frank L 5:19pm · 12/14/18
- NJ is a nightmare 86domer 4:22pm · 12/14/18
  - Are you a native of NJ? WoodstockIrish 7:44am · 12/17/18
  - Smacking me hard and I am in VirginiaNT irishscooter 5:04pm · 12/14/18
    - On the plus side, I think I will miss the AMT this year as the criteria has increased. Shadow_of_the_Dome 5:10pm · 12/14/18
      - my AMT differential is very tight as well.NT irishscooter 5:27pm · 12/14/18
  - Hear you on that Shadow_of_the_Dome 4:58pm · 12/14/18
    - You are spot on 86domer 5:53pm · 12/14/18

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