Quote Originally Posted by Slotspert View Post
This is part of the S.A.L.T. limitation rule which hits us really hard in California. There is no real "tax benefit" for charity donations anymore (especially the write-off for non-monetary "stuff" so many of us donate to charity), unless you break the $12,000/$24,000 threshold (single/joint). For 80%+ tax filers, a hand-pay is now 100% taxable money regardless unless you exceed this threshold.
Us in NY too re the salt deduction.

I got to take the med expense deduction this year. The W2s inflated my adjusted gross income so that I didn’t get as much of a deduction as I should have. But did get to claim losses to offset the W2 wins.


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