2 ms·
The doubling of the standard deduction in Trump’s first term means interest isn’t deductible for practical purposes. Same thing with charitable donations! Not
by BobbyTables2 1y ago
The doubling of the standard deduction in Trump’s first term means interest isn’t deductible for practical purposes. Same thing with charitable donations!
Not sure what real tax breaks there is if both people make similar income. Otherwise if only one works, they’ll definitely see lower taxes thanks to the doubling of the standard deduction (plus exemption for the spouse).
- missedthecue 1y agoOnly 29% of American spouses earn similar amounts.