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Reply to "The increase in SALT caps is so ridiculous"
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[quote=Anonymous][quote=Anonymous]Did our taxes. The increase in SALT now means it is far better for us to itemize than do standard deduction. Before this change, we would only get back about $400 per year total, because we were pretty on par for paying the exact amount of taxes as we should. Now with the SALT cap increase, we are getting a massive return more than $6000. You know what I’ll do with this money? Probably just stuff it in the bank account. Not really going to stimulate the economy with it. The national debt is exploding, yet I have no idea why the govt wants to give well off DINKS like us huge tax returns. We were drinking a $280 bottle of wine the other night for a weekday dinner. I really don’t need this money and rather the country remained solvent. [/quote] Your return is the form you file. You meant to say “refund.” If you are go to opine on tax policy it helps to use the proper nomenclature.[/quote]
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