Owl I See Books I See Coffee I See A Day Ahead Shirt

Eexemption and standard deduction. After the tax change, everyone still get the same 12k, asides from home owners who have to pay more because they don’t use standard deductions and lost the personal exemption.Whoa whoa whoa this is FALSE information and does not deserve a delta. He did standard deduction”, he eliminated the personal exemption (4,050) and rolled it into the . Standard deduction (6,350). Combined that’s 10,400 total, so he only increased it by $1,600 or 15%. simplifies the tax process but the caveat is that by removing personal exemptions, he also removed the ability additional deductions for each dependent you claim - which is why he increas.

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