Quote:
Originally Posted by Z K
I think most people who have a state tax and claim SALT and mortgage interest/property tax deductions will end up paying more over last year.
I ended up writing a check to the fed when I usually get a refund. No other changes year to year.
"Tax cuts" were complete BS for me - more like tax increase.
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but what was your effective tax rate?
i had to pay this year when i got a refund last year, but my overall tax rate went down 2%. I also have state income tax, property taxes, mortgage interest, etc.
and there in lies the problem with the simple man. they dont understand and just see that they have to pay at the end of the year, and dont realize they paid less overall