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Personal Finance and Investing

question everything

(49,739 posts) Tue Dec 18, 2018, 03:03 AM Dec 2018

I pay the last estimate taxes in December [View all]

not in January. Just close the books.

And I could not help comparing the before and after the "tax reform" and, yes, our tax bill is higher.

It is the elimination of the Exemptions, that would have been reduced our taxable income by $8100. Even with the 12% vs. 15% tax rate.

Sigh..

7 replies

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I pay the last estimate taxes in December [View all] question everything Dec 2018 OP

When I filled quarterlies Sherman A1 Dec 2018 #1

I had to do that because my accountant's bookkeeper was an idiot csziggy Dec 2018 #2

This is horrible. You could have been charged for not paying your taxes! question everything Dec 2018 #3

Fortunately my husband caught it every time csziggy Dec 2018 #5

As a trucker, one of the biggest changes is the loss of the Per Diem deduction. A HERETIC I AM Dec 2018 #4

Did the near doubling of the standard deduction help? progree Dec 2018 #6

For me, it helps. PoindexterOglethorpe Dec 2018 #7