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IRS Posts Draft of 2018 1040

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posted on Jul, 7 2018 @ 06:42 PM
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a reply to: Phage

You can still deduct property tax up to the $10,000 limit.
If your taxes are higher than that, you need to talk to your local government reps.




posted on Jul, 7 2018 @ 06:46 PM
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a reply to: BlueAjah


That I was not aware of, and it seems to be missing from Schedule 1 as well.

Thanks. I'll be able to write it all off.

Crap, I wonder what happens to my Kidney Cars donation.



posted on Jul, 7 2018 @ 06:52 PM
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a reply to: Phage

You can still deduct charitable donations up to 50% of your adjusted gross income.



posted on Jul, 7 2018 @ 06:53 PM
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originally posted by: Phage
a reply to: BlueAjah

Some, certainly.

I will be itemizing. And with the loss of my property tax deduction, I don't think I'm going to see much of a decrease in my tax liability. If any decrease at all. With the reduced withholding, I might owe. I haven't crunched the numbers yet.


But then, I'm not a billionaire.



Well you are just going to have to pay your fair share.



posted on Jul, 7 2018 @ 07:06 PM
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a reply to: whywhynot

I have been doing so for many a year.

It's a stupid form and it's bigger than a postcard.



posted on Jul, 7 2018 @ 07:20 PM
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There are larger post card looking cards in the mail but, per the post office, that size is actually a first class letter.

IRS USPS disconnect



posted on Jul, 10 2018 @ 01:31 PM
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a reply to: airforce47


Looks like the Punishment/Penalty/Tax for not having Government Approved health insurance has been removed. That will make a lot of ObamaCare filers very VERY HAPPY!

Thank-you Mr. President and Republican Congress.



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