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I made less than 1,200 dollars more than in 2017. My Health insurance premium is higher, my mortgage interest is higher. But my tax liability is extremely high.
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Unfortunately, there have been significant changes to the tax laws.
The IRS changed their withholding tables, personal exemptions have been eliminated, state/local tax deduction capped.
For more information, follow this link:
Unfortunately, there have been significant changes to the tax laws.
The IRS changed their withholding tables, personal exemptions have been eliminated, state/local tax deduction capped.
For more information, follow this link:
Itemized deductions have new rules this year, due to Tax Reform. When compared to prior years, if you did not change your paycheck deductions, you will likely owe. Please See this TurboTax support FAQ for tax reform - https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return
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