Yep. And even with that it's still impossible for me to use Acorn's idea.

Dec 15, 2018
2:02:34pm

BertoChavez All-American

Not trying to brag at all, but my mortgage interest alone is more than the standard deduction. Add 10k for state tax, and yeah...

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BertoChavez

New username: Pedant
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Messages

Author

Time

Double paying tithing just got better. Standard deduction raised to $24,400 MFJ

Acorn

12/15/18 12:01pm

<< Deleted >>

Abe Froman

12/15/18 12:07pm

I already go on and on and on for this subject. Worry you guys are tired of me.

Acorn

12/15/18 12:08pm

We are all friends

conflictedcoug

12/15/18 12:09pm

I'd like to see your spreadsheet too

DirtyWater

12/15/18 12:11pm

Please share the spreadsheet

PickleButton

12/15/18 12:14pm

^ why living in California is terrible in some ways

BertoChavez

12/15/18 12:15pm

Even worse. There is a cap on SALT of $10K

Acorn

12/15/18 12:20pm

Yep. And even with that it's still impossible for me to use Acorn's idea.

BertoChavez

12/15/18 2:02pm

I remember those days when I lived in California. Interest rates were 10 1/2%

Acorn

12/15/18 2:17pm

Yes I would be interested in your spreadsheet also.

Blue for Life

12/15/18 12:18pm

I'm running some calculations and it looks like I can save a couple hundred

Skeptical Optimist

12/15/18 12:23pm

Actually, I'm missing the sales tax deduction, so it doesn't make sense

Skeptical Optimist

12/15/18 12:26pm

SALT is capped at $10K. Once your mortgage interest approaches

Acorn

12/15/18 12:31pm

How many people who fall into your scenario have the money sitting around to pay

Chester Copperpot

12/15/18 12:23pm

This is CB, everyone has tons of money

cougarnerd

12/15/18 12:25pm

Here is how you get around that. Keep all of this years money in a separate

Blue for Life

12/15/18 12:26pm

That is exactly what just said, but you can't got back for 2018 if you haven't

Chester Copperpot

12/15/18 12:31pm

An alternative to that. This year you pay your tithing like normal

Acorn

12/16/18 7:30am

Anyone with a two month emergency fund

Acorn

12/15/18 12:26pm

Maybe, but most people live paycheck to paycheck and right now at Christmas most

Chester Copperpot

12/15/18 12:30pm

Just because you miss this year, start planning for the future.

Acorn

12/15/18 12:34pm

It is a good strategy and I agree with everything you are saying. I have found

Chester Copperpot

12/15/18 12:37pm

I have enough itemized deductions, but it is still better to double pay.

Acorn

12/15/18 12:40pm

That is what I meant. Many have $10,000 in SALT and Property taxes plus

Chester Copperpot

12/15/18 12:41pm

Agree. There are quite a few on CB that have paid down or paid

Acorn

12/15/18 12:43pm

Can you share the Excel sheet or upload it to Google drive and

molodyets

12/15/18 12:24pm

Yes please

PickleButton

12/15/18 12:31pm

Pretty please!

gmj81

12/15/18 12:43pm

I love the financial tips. Thanks!

Lalau

12/15/18 12:26pm

This is a practice called "bunching." If you plan to make significant charitable

RealTexan Coug

12/15/18 1:25pm

The donor advised fund is a little more context than just bunching. But yeah,

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