Posted by LAA on February 14, 2019 at 08:16:38 from (130.117.142.131):
In Reply to: 2018 federal taxes posted by Jim Buford on February 14, 2019 at 07:00:58:
Married filing jointly for 2018 = 24,000 standard deduction, 2017 was 13,000 standard deduction plus 4050 per person so a husband and Wife with no children at home and who cannot itemize have a net gain of 2950 in deductions for 2018. Anyone who pays high property tax on a single family home or lives in a high state income tax state and pays mortgage interest on a home would still have to beat 15,950 in itemized deductions to come out better than before, most people 55 plus, regardless of income, will come out ahead and those with children at home who are in the 25% or lower tax bracket will also come out ahead, which will be the majority of middle class filers. If someone has children the tax credit was doubled from 1000 to 2000, a tax credit is worth a postive multiple of whatever a persons tax bracket is while a tax deduction is only worth a percentage, huge difference. Farm and business deductions were not affected, most farmers will write off their property taxes on schedule ''F'' as always and any farm or business property mortgage interest paid.
Upload one or more videos to your post. Photo and video filesizes should be less than 5MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
... [Read Article]
Latest Ad:
1945 Farmall wide body gas with pto and front plow. Runs good but needs new points.
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
