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+--- Thread: Informal nosy poll re: taxes (/showthread.php?tid=293377)
Informal nosy poll re: taxes - wurm - 01-16-2025
I don't think there's any need for more than two options. And there's no need to be specific unless you really want to.
Re: Informal nosy poll re: taxes - special - 01-16-2025
I’ll let my CPA decide.
Re: Informal nosy poll re: taxes - Tiangou - 01-16-2025
I run both numbers and std deduction has been better most years.
Re: Informal nosy poll re: taxes - gabester - 01-16-2025
I usually look at itemizing as an option; it used to be worth it to spend the time until the tax changes in 2018 when we getting a modestly higher Standard Deduction and lost the ability to deduct more than 10K from SALT / Property taxes; after that time I started wishing we'd bought a much larger house in a lower tax area as jumbo $500k+ mortgages could still deducted... anyway after that change itemizing schedule A always took more time and cost a couple grand more, so why do it?
Re: Informal nosy poll re: taxes - Acer - 01-16-2025
Not since the 2018 standard deduction changes. Before that, it was some years one way, some years another, so I usually calculated both ways. Now I don't bother beyond a quick back of the napkin calculation just in case.
Re: Informal nosy poll re: taxes - RAMd®d - 01-16-2025
Standard.
It's just me, and no loopholes.
Re: Informal nosy poll re: taxes - wurm - 01-16-2025
Acer wrote:
Not since the 2018 standard deduction changes. Before that, it was some years one way, some years another, so I usually calculated both ways. Now I don't bother beyond a quick back of the napkin calculation just in case.
That pretty much lines up exactly with our situation. I used to spend way too much time adding crap up only to discover I wasn't even close to hitting the threshold. I guess that's a good thing. Sure makes things easier.
Re: Informal nosy poll re: taxes - Lizabeth - 01-16-2025
special wrote:
I’ll let my CPA decide.
Ditto
Re: Informal nosy poll re: taxes - mrlynn - 01-16-2025
wurm wrote:
[quote=Acer]
Not since the 2018 standard deduction changes. Before that, it was some years one way, some years another, so I usually calculated both ways. Now I don't bother beyond a quick back of the napkin calculation just in case.
That pretty much lines up exactly with our situation. I used to spend way too much time adding crap up only to discover I wasn't even close to hitting the threshold. I guess that's a good thing. Sure makes things easier.
Same here.
Re: Informal nosy poll re: taxes - Speedy - 01-16-2025
Lizabeth wrote:
[quote=special]
I’ll let my CPA decide.
Ditto
Me, too.