Quote:
Originally Posted by MAXUM
They also don't get that while the tax deduction on property tax is now capped, other incentives such as the increase in the standard deduction for MOST people actually works out way better.
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I have had to have a though conversation with every client about how the new tax law is effecting them. In high property tax and high property value states like NY NJ MA CA CT the tax new law has not helped but for those who do not own a home or have low property and state income tax they new law works better. Remember these are broad statements that do not take in other factors such as the new increase child credit.
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