Forum: General Discussion
10-04-2018, 08:15 AM
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Replies: 183
Views: 88,536
Without actual numbers, but since you are now...
Without actual numbers, but since you are now limited on your property tax to 10k you will more than likely use the standard deduction but the tax rate is also lower so you could come out ahead of...
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Forum: General Discussion
10-03-2018, 12:18 PM
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Replies: 183
Views: 88,536
Good advice. It is a delicate balance between...
Good advice. It is a delicate balance between the W-2 from the business, your contribution to a tax deferred plan and you profit reported on your K-1 all combined with the new small business...
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Forum: General Discussion
10-03-2018, 11:20 AM
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Replies: 183
Views: 88,536
The reason I did mention it is because in the...
The reason I did mention it is because in the higher taxed states it doesn't help many taxpayers. Their combined property tax, state income tax withheld and mortgage interest often exceeds the 24k...
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Forum: General Discussion
10-03-2018, 04:37 AM
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Replies: 183
Views: 88,536
....property taxes too high?
That would be California. Although NY isn’t much better. In Pennsylvania you have to pay city tax also in addition to state for every city you work in. I hate preparing PA tax returns they are a...
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Forum: General Discussion
10-02-2018, 09:23 PM
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Replies: 183
Views: 88,536
You do not pay multiple city tax in NY any...
You do not pay multiple city tax in NY any longer. Only individuals living in nyc pay city tax as with Yonkers. There no longer is NYC or Yonkers non residents tax ( more commonly known as commuter...
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Forum: General Discussion
10-02-2018, 05:31 PM
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Replies: 183
Views: 88,536
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Forum: General Discussion
10-02-2018, 05:01 PM
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Replies: 183
Views: 88,536
....property taxes too high?
You hit the nail on the head. I have been doing a lot of forecasting for clients and it is definitely a client by client situation. Some will pay less even with the cap and others will pay more. ...
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Forum: General Discussion
10-02-2018, 03:52 PM
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Replies: 183
Views: 88,536
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Forum: General Discussion
10-02-2018, 12:36 PM
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Replies: 183
Views: 88,536
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Forum: General Discussion
10-02-2018, 10:55 AM
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Replies: 183
Views: 88,536
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Forum: General Discussion
10-02-2018, 10:08 AM
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Replies: 183
Views: 88,536
That is because you live in a low tax state. ...
That is because you live in a low tax state. Come to NY, NJ, MA, CT, CA ect where there is extremely high state income and property tax. The least should should be able to do is deduct them 100% on...
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Forum: General Discussion
10-02-2018, 08:27 AM
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Replies: 183
Views: 88,536
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Forum: General Discussion
09-28-2018, 01:15 PM
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Replies: 183
Views: 88,536
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Forum: General Discussion
09-28-2018, 09:10 AM
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Replies: 183
Views: 88,536
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Forum: General Discussion
09-27-2018, 09:00 PM
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Replies: 183
Views: 88,536
Please. Enough with the 10,000 property tax...
Please. Enough with the 10,000 property tax limit. It is irrelevant for this conversation. For someone in his income category there are several ways to legally get around part of the new tax law and...
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