Under the new law,
however, Washington cares only up to a point if you’ve already been
taxed on your home and income. Now you can deduct the first $10,000 of
property or local income taxes; after that, the IRS will consider all of
it taxable income.
If you don’t earn much money, or if you happen to live in a low-tax state, that’s not a very big deal. The people who really get crushed here are middle- and upper-income families in states like New York, New Jersey, California and Illinois.
If you live in one of these urban states and have managed enough of a salary to buy a nice home in a good school district, and assuming you itemize your deductions, then your bill from Washington is probably going up by thousands of dollars....
Seguir leyendo,
EN:
If you don’t earn much money, or if you happen to live in a low-tax state, that’s not a very big deal. The people who really get crushed here are middle- and upper-income families in states like New York, New Jersey, California and Illinois.
If you live in one of these urban states and have managed enough of a salary to buy a nice home in a good school district, and assuming you itemize your deductions, then your bill from Washington is probably going up by thousands of dollars....
Seguir leyendo,
EN:
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