Tax FYI

[fitz19d]

I was unaware that pmi was gone, but nice to have another year. Wonder what other beneficial changes got extended?


https://ttlc.intuit.com/questions/42...ed-in-turbotax

[Gman]

This may not be a good year to file early. The IRS is still trying to figure out the details.

[DenverGP]

Edit: I didn't realize they tacked on things that effected the 2017 taxes (just extensions of various things that they didn't bother extending soon for some reason)

Most of the changes only effect the the 2018 taxes you file in 2019.

[brutal]

There was some rumors the RV interest deduction was going away, but I've not seen anything official.

Sure hope not, just ordered a new one 5 weeks ago and will be closing in a few weeks.

[Rumline]

There was some rumors the RV interest deduction was going away, but I've not seen anything official.

Sure hope not, just ordered a new one 5 weeks ago and will be closing in a few weeks.

According to this: http://rvtravel.com/towable-rv-owner...-new-tax-bill/ they added the requirement that the RV must be self-propelled in order to qualify for the deduction. So travel trailer owners are SOL unless RVIA has enough lobbying $$$ to get that "self-propelled" thing removed.

[Ridge]

I got my return 8 days after they accepted my filing.

Already gone, paying off debt.

[Irving]

I just now got my last tax document today.

[Eric P]

In my opinion, the tax code need even further simplification.

Gross Income minus a standard deduction to get taxable income. The standard deduction is the same for everyone. In a family, you get a deduction for each individual. Taxable income could never be less than $0.00.

Take taxable income and multiply it by X%. Same for everyone. Eliminate separate SS, medicare, ect. taxes. Just 1 fixed income tax bracket. Or go to national sales tax.

Thats it.

Taxes should never be used to persuade economic choices. No deductions for solar panels or gun parts...

If you want to give to charity, fine. Don't ask everyone else to subsidize your giving by paying more in taxes. Want a house, fin, do it without the rest of us subsidizing it.

[NFATrustGuy]

In my opinion, the tax code need even further simplification.

Gross Income minus a standard deduction to get taxable income. The standard deduction is the same for everyone. In a family, you get a deduction for each individual. Taxable income could never be less than $0.00.

Take taxable income and multiply it by X%. Same for everyone. Eliminate separate SS, medicare, ect. taxes. Just 1 fixed income tax bracket. Or go to national sales tax.

Thats it.

Taxes should never be used to persuade economic choices. No deductions for solar panels or gun parts...

If you want to give to charity, fine. Don't ask everyone else to subsidize your giving by paying more in taxes. Want a house, fin, do it without the rest of us subsidizing it.

If we’re really trying for tax equality, why should a person with children pay LESS than a person with no children?

Want children, fin, do it without the rest of us subsidizing it.

[Eric P]

If we’re really trying for tax equality, why should a person with children pay LESS than a person with no children?

Want children, fin, do it without the rest of us subsidizing it.

I agree with that also.