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Nov 12, 2018
6:19
:10
pm
demon_llama
All-American
And don't forget interest on the national debt. In a few years that will cost
more than the entire DoD.
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demon_llama
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CAFB_04-12
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demon_llama
Joined
Dec 23, 2006
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Feb 7, 2024
Total posts
7,391 (21 FO)
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Messages
Author
Time
PSA: New tax changes for 2018 with tax season coming up
jrifkin48
11/12/18 5:12am
I had forgotten about the Child tax credit being increased
BulldogCoug79
11/12/18 5:20am
And by a $1000k. BYU Football needs to slip that into their season ticket ads
jrifkin48
11/12/18 5:26am
<< Deleted >>
supertux
11/12/18 5:31am
Is the child tax credit a refundable credit?
demon_llama
11/12/18 6:05am
Yes.
AeroCoug
11/12/18 6:11am
The refundable amount is $1400 though.
kcca
11/12/18 6:52am
One important change with the Child Tax Credit,
AeroCoug
11/12/18 6:06am
The tax changes were too sweeping and not what you'd expect from a fiscally
fbguru
11/12/18 6:37am
It’s a spending problem not a revenue problem. Unfortunately, I don’t believe
kcca
11/12/18 8:08am
And we the people are to blame. We all expect OUR congressman to bring $ home
jrifkin48
11/12/18 9:25am
2/3 of Federal Spending goes to SS, Medicare and Medicaid (mandated programs)
memento
11/12/18 9:38am
Every medicare expansion program seems to easily pass through both politicians
fbguru
11/12/18 10:25am
And don't forget interest on the national debt. In a few years that will cost
demon_llama
11/12/18 6:19pm
Will the SALT cap of $10k be raised in the future? That one sucks for me.
rainorsnow
11/12/18 6:16am
It’s called the “move to Nevada” cap.
Sandstone Cougar
11/12/18 8:01am
Also alimony will no longer be deductible after this year
coolcats
11/12/18 6:25am
Thanks for posting this stuff.
boogers
11/12/18 6:39am
Hypothetically speaking, if I make next to nothing and have 1 kid. Does that
Powerbait DPM studnt
11/12/18 6:49am
$1,400
rggee
11/12/18 7:49am
Additional PSA - Tax loss harvest now
memento
11/12/18 7:14am
And don’t forget the 20% small business pass through deduction!
shokupanmanbo
11/12/18 7:20am
I haven’t yet gotten any saving from the lower brackets. That will come to me at
garyfan
11/12/18 7:41am
And the best one is the 20% pass through— but make sure you keep taxable income
Sandstone Cougar
11/12/18 8:02am
Yay for defecit growth!!! -Every responsible millennial who hates that they will end up paying for this crap
monkeycowboy
11/12/18 8:29am
Yep. Time to exceed tax cuts with spending cuts!
boogers
11/12/18 8:48am
Starting now, 1T annual budget deficits going forward. Early 80’s, the natl debt
MatthiasG
11/12/18 10:49am
With a gridlock government maybe we won't approve anyone's pet projects
jrifkin48
11/12/18 12:11pm
Deficit growth rate has been REDUCED since Trump took office
AZ Coug
11/12/18 6:04pm
Doesn't Understand taxes and Economics^^^^^^^^. How about Congress tighten their
CObluezone
11/13/18 5:08am
Why I vote Republican every election, without fail. GOP!!!
CObluezone
11/13/18 5:06am
You forgot a big change: elimination of personal exemptions
El Paso Coug
11/13/18 4:08pm
Most people here are probably in the 22% bracket. The upped child credit
molodyets
11/13/18 4:17pm
Morrgsge interest not deducted either right?
CarolinaCoug
11/14/18 5:11pm
Still deductible. But the standard deduction went up meaning fewer
garyfan
11/14/18 5:23pm
To optimize you should alternate years when using the standard deduction
BYU'01
11/29/18 12:58pm
They still dinging people for not having health insurance?
buckeyecougarguy
11/13/18 5:03pm
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