Author Topic: Trump-Republican tax plan, Bad for large families  (Read 53222 times)

Offline ChaimMoskowitz

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Re: Trump-Republican tax plan bad for large families
« Reply #285 on: December 02, 2017, 08:18:41 PM »
but they did add that 529 accounts can be used for school tuition.
Can I fund them with a CC?
I just found a new supply of forks!

Offline Deal Guy

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Re: Trump-Republican tax plan bad for large families
« Reply #286 on: December 02, 2017, 08:29:10 PM »
Can I fund them with a CC?
Can you fund mine? :)

Offline Something Fishy

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Re: Trump-Republican tax plan bad for large families
« Reply #287 on: December 02, 2017, 08:35:10 PM »
And good calculator online that lets you compare your taxes going forward to the old plan?
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Offline ChaimMoskowitz

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Re: Trump-Republican tax plan bad for large families
« Reply #288 on: December 02, 2017, 08:37:04 PM »
And good calculator online that lets you compare your taxes going forward to the old plan?
Not that I found. Since I no longer itemize it is pretty easy for me.
I just found a new supply of forks!

Offline CPA

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Re: Trump-Republican tax plan bad for large families
« Reply #289 on: December 02, 2017, 08:41:06 PM »
The deduction for religious school tuition was in the final version of the Senate bill and manually crossed out.  >:(
 

Offline CPA

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Re: Trump-Republican tax plan bad for large families - or is it?
« Reply #290 on: December 02, 2017, 09:25:47 PM »
The Senate version with the 2k per child tax credit may end up being good for large families

Offline ExGingi

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Re: Trump-Republican tax plan bad for large families - or is it?
« Reply #291 on: December 02, 2017, 09:33:22 PM »
The Senate version with the 2k per child tax credit may end up being good for large families
Fully refundable?
I've been waiting over 5 years with bated breath for someone to say that!
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Offline ExGingi

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Re: Trump-Republican tax plan bad for large families
« Reply #292 on: December 02, 2017, 09:35:15 PM »
Any easy guidelines or calculators as to whether I should take extra income in 2017 or leave it for January?
I've been waiting over 5 years with bated breath for someone to say that!
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Offline Dan

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Re: Trump-Republican tax plan bad for large families
« Reply #293 on: December 02, 2017, 09:36:12 PM »
You don't think they will backdate this to 1/1/17?
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Online yitzf

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Re: Trump-Republican tax plan bad for large families
« Reply #294 on: December 02, 2017, 09:37:14 PM »
You don't think they will backdate this to 1/1/17?

No, it's all for 2018

Offline EJB

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Re: Trump-Republican tax plan bad for large families
« Reply #295 on: December 02, 2017, 09:38:05 PM »
Can I prepay property tax or state income tax?

Online aygart

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Re: Trump-Republican tax plan bad for large families
« Reply #296 on: December 02, 2017, 09:39:17 PM »
Can I prepay property tax or state income tax?
Usually. Just make an estimated tax payment.
You have the right to remain silent. Anything you say can and will be used to start a religious discussion.

Online yitzf

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Re: Trump-Republican tax plan bad for large families
« Reply #297 on: December 02, 2017, 09:39:56 PM »
Can I prepay property tax or state income tax?

If your state/city lets you then it should be deductible this year.

Offline CPA

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Re: Trump-Republican tax plan bad for large families
« Reply #298 on: December 02, 2017, 09:41:29 PM »
Can I prepay property tax or state income tax?
If you take the deduction on Schedule A and there is an overpayment of State income tax it will taxable the following year

Offline CPA

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Re: Trump-Republican tax plan bad for large families - or is it?
« Reply #299 on: December 02, 2017, 09:44:29 PM »
Fully refundable?
No, but  it helps those who do pay tax