deductions

  1. S

    Entire eliminating tax deductions for state and local taxes?

    Entire eliminating tax deductions for state and local taxes? Eliminating federal income taxes deductions proportional to state and local taxes,(i.e. SALT) was inserted within proposed tax bill, for the purpose of reducing the decade's net federal budget 's deficits if the tax bill is enacted...
  2. S

    Income Tax Deductions Per Taxpayer And Dependents

    The income tax considerations per person were originally enacted to provide some tax relief for lower income earners; we can’t get blood from stones. Unfortunately the consideration is a per capita amount of deduction from taxable income rather than a credit applied to the income tax itself...
  3. liberalguy

    Standard or Itemized deductions

    In my highschool "economics and money" class, I have learned a lot about the best way to do your taxes. Some people just submit their income and select standard deductions without even checking to see if itemized deductions would save you more. I selected standard deductions considering I was...