Informal nosy poll re: taxes

[wurm]

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.

[special]

I’ll let my CPA decide.

[Tiangou]

I run both numbers and std deduction has been better most years.

[gabester]

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?

[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.

[RAMd®d]

Standard.

It's just me, and no loopholes.

[wurm]

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.

[Lizabeth]

special wrote:
I’ll let my CPA decide.

Ditto

[mrlynn]

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.

[Speedy]

Lizabeth wrote:
[quote=special]
I’ll let my CPA decide.

Ditto
Me, too.