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jon-guidone
New Member

I filed before the tax deductions changed, Am I being Taxed more then I should be?

Taxes just changed the other day, But I filed on the 12th, I make less then 50k a year and I feel I got hit harder with this year then any other years. This is also the first year I've made more then 40k. How can I tell if I've payed more taxes then I should have?
1 Best answer

Accepted Solutions
VolvoGirl
Level 15

I filed before the tax deductions changed, Am I being Taxed more then I should be?

Right.  For 2018 starting now going forward.

View solution in original post

4 Replies
VolvoGirl
Level 15

I filed before the tax deductions changed, Am I being Taxed more then I should be?

Most of the new changes are for 2018 returns we file next year in 2019.  The one big change for 2017 was the medical deduction went from 10% AGI threshold down to 7.5% for everyone.  But Turbo Tax had made that change.
jon-guidone
New Member

I filed before the tax deductions changed, Am I being Taxed more then I should be?

So this --> In 2017, the standard deduction for a single taxpayer is $6,350, plus one personal exemption of $4,050. The new law combines those into one larger standard deduction for 2018: $12,000 for single filers and $24,000 for joint filers.

The Standard deduction wont be 12,000 take affect for the 2017 taxes? Or only on the 2018 taxes moving forward.
SweetieJean
Level 15

I filed before the tax deductions changed, Am I being Taxed more then I should be?

Only starting with 2018 returns filed in 2019.
VolvoGirl
Level 15

I filed before the tax deductions changed, Am I being Taxed more then I should be?

Right.  For 2018 starting now going forward.

View solution in original post

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