Quote Originally Posted by Skip View Post
^ THIS

Save your 2017 1040 and plan for 2018.

Standard deduction, with the $10K SALT cap, really nullifies a lot of the advantage of common deductions going forward.

I'm wondering why I should keep paying mortgage interest and I don't really pay that much.
I remember the salt thing was something to piss dems off more? But I don't know the details. Also new higher standard deduction applies to filing for 2017??

I need to run it every which way to be sure I guess. But trying to work out whats better filing singly or jointly with wife. Basically 60k gross roughly each, mortgage payment. I have like 3k in medical bills last year. If standard deduction change I suppose that would be hard to exceed with various taxes/pmi/interest/medical. Unless maybe I'm doing something like claiming the house and everything else that is mine to exceed my deduction singly, then give her her portion of the refund from house stuff?

PS I hate taxes.