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Personal Finance and Investing

still_one

(98,883 posts)

2. The personal exempltion has been eliminated, and for those who itemize deductions, they will find

Reply to question everything (Original post)

Mon Jan 28, 2019, 06:56 PM

Jan 2019

limits on some of those deductions they used to be able to take, which means a good number will end up taking the standard deduction, adding the personal exemption elimination, those wonderful tax gain for a good number who itemized deductions in 2017 may be in for a big surprise, and I don't mean a good surprise

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Has anyone seen the new 1040 form? [View all] question everything Jan 2019 OP

Oh no, I do my own taxes and finally figired out all the ACA BigmanPigman Jan 2019 #1

Just take your time to figure it out question everything Jan 2019 #9

The personal exempltion has been eliminated, and for those who itemize deductions, they will find still_one Jan 2019 #2

The deductibles have doubled. Right? underpants Jan 2019 #4

Yes, but for those who itemize, they limit deductions on proprerty tax and SIT, still_one Jan 2019 #7

Yes, and for seniors one can add 1300 each question everything Jan 2019 #8

This message was self-deleted by its author still_one Jan 2019 #3

THis is when the taxpayers realize 2naSalit Jan 2019 #5

I downloaded the 1040 Schedules 1, E and F. TexasProgresive Jan 2019 #6

MAGA! progree Jan 2019 #11

Do pls remember to scroll past the last half of page 1 of Form 1040, which is blank, and on to progree Jan 2019 #10

You got it right, progree! TexasProgresive Jan 2019 #12

Thank you for the links. We also use the Social Security Benefits Worksheet question everything Jan 2019 #13

My best guess is that lines "Reserved" are labelled as such PoindexterOglethorpe Jan 2019 #14