4 ms·

Funny you should call it the Trump tax cut since mine went up substantially for the reasons you mention.

• PaulDavisThe1st 5y ago
  If it went up for the reasons mentioned, it means that your (previousl) itemized deductions put you in a rather small percentage of Americans. Also an unfortunate group: rich enough to have deductions at this scale, but not rich enough to have wriggled out of a large chunk of tax obligations.
  • ineedasername 5y ago
    Or it could have been increased taxes due to the cap on SALT exemptions.
    • PaulDavisThe1st 5y ago
      The standard deduction went up to $12k. If your SALT exemptions exceed that, you're holding a rather costly mortgage.
      • kmonsen 5y ago
        LOL, welcome to the Bay Area. It was not what anyone would call a luxury home, a 3 bedroom townhome.