frosty99c@lemmy.worldtoData Is Beautiful@lemmy.ml•Comparison of population, wage, and home price growth
91·
1 year agoEh, at least in my experience, interest in most normal mortgages ends up less than the standard deduction so it can’t be claimed. It was a change Trump made to the tax code I think. I don’t understand enough about it to know if it affects me negatively or not. I know it’s better for me to claim the standard deduction instead of itemizing my deductions. This means I can’t claim interest paid (which is bad), but the standard deduction is higher than it was before, so I think I’m still claiming more money as untaxable (which is good, I think?).
Maybe someone with more knowledge than me can chip in.
What is KD doing? No box out and then he just gave the ball away?
So glad you posted this. I heard a friend talk about it today, in the past i’d always go to Reddit to see highlights. I thought I’d check here first before googling and I found it! Hope this keeps up throughout the season so this community will actually grow.