Sentences with phrase «for itemizers»
Changes to the tax code have left a few key deductions for itemizers, like medical, dental and some business expenses.
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In California, which is considering a statewide program along these lines, the average SALT deduction for an itemizer was more than $ 18,000.
Not exact matches
These itemizers account for 82 percent of the $ 239 billion donated to charity each year.
Still, itemizers and families, especially, should discuss with their tax preparer whether it's worth adjusting their withholding for 2018.
Still, itemizers and families, especially, should discuss with their tax preparer whether it's worth adjusting their withholding for 2018.
Yes, the mortgage interest deduction would be preserved, but with the doubling of the standard deduction to $ 12,000 (for single tax filers) and $ 24,000 (for joint filers), many current itemizers taking the mortgage write - off are likely to opt for the standard deduction.
That also means eliminating the mortgage - interest deduction for all but a few wealthy itemizers will cause home values to come down.