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There are new rules that are not particularly advantageous for people making good money in CA due to the fact that CA has a fairly high state income tax rate an
by magnetic 8y ago
There are new rules that are not particularly advantageous for people making good money in CA due to the fact that CA has a fairly high state income tax rate and the new limits for the bucket of deductions it fits in.
https://www.fidelity.com/viewpoints/personal-finance/how-has-tax-reform-changed-deductions https://www.fidelity.com/viewpoints/personal-finance/how-has...
If you own a home in the Bay Area, chances are you hit the limit on your property taxes alone.