Reply To: Tax Reform and Tsadakkah

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#1436607
🍫Syag Lchochma
Participant

CT- not sure what you mean by this:
The increase in the standard deduction is pretty meaningless for Mrs. CTL and myself, we have no dependents.

if you have no dependents then this standard deduction is more meaningful, not less. You get a 30k deduction instead of half that with no loss to the exemptions not being included.

Unless you mean that it’s meaningless because you choose to itemize. Which, thanks to the garbage Obamacare that messed over everyone except you and your family (may they live many, many long healthy years) the medical bills are finally exceeding my exemptions.
{sarcasm – except that brocha for your family}