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     Saarang Pilla Bewarse Username: Saarang Post Number: 756 Registered: 04-2015 Posted From: 97.113.83.221 Rating: N/A |
Goodbye to the deduction for tax preparation expenses. Republicans argue it will be much easier for most Americans to fill out their taxes now. Goodbye to the deduction for people who bike to work. Goodbye to the deduction for moving expenses. Elimination of MOST of the state and local tax deduction (SALT): About a third of Americans itemize their tax deductions, and almost all of those people take the state and local tax deduction. The Senate's original plan was to scrap SALT entirely, a big knock to people in high-tax states such as California, New York, Connecticut and New Jersey. But in the end, there was a compromise to allow people to deduct up to $10,000 in property taxes. |