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gabidi1
New Member

As a single file I‘m faced with 1/3 more tax in ‚18‘ although my numbers are almost identical to ‚17‘ — except for losing 50% of my itemized deductions. Is this possible?

 
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1 Reply

As a single file I‘m faced with 1/3 more tax in ‚18‘ although my numbers are almost identical to ‚17‘ — except for losing 50% of my itemized deductions. Is this possible?

Sure, there were significant reductions in (State/local incoem tax + Property tax)  deductions...that is destroying taxes for a lot of people..Plus withholding % were reduced..and for some folks if they didn't bump it back up, you can owe a lot more at tax time.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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