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Reply to "DMV Sticker Shock Advice"
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[quote=Anonymous][quote=Anonymous]OP, you and your enthusiasm sound fun and you'll have a great time in the DC area. I concur with the other posters on focusing on commute and schools and not taxes - I've lived in MD, VA and the District and it really is pretty much a wash - higher income taxes in MD and DC but higher property taxes, including that damn car tax, in VA. You do get what you pay for, though - good options for schools, nice parks, etc. Although, I admit the new Federal tax cut does hit this area pretty hard - getting rid of the SALT deduction is why so many people's taxes are staying the same or increasing. But getting rid of AMT is a help and will matter to you guys. On neighborhoods, you might look at Rockville, MD zoned for Richard Montgomery HS. It has a long established and very good IB program and the area around Rockville metro station has been developed into an urban center type thing with cafes, restaurants and a really fun county library around a walkable plaza. And you still have some suburban conveniences.[/quote] The tax bill did not get rid of AMT for individuals. Made a few tweaks and increased the phase out amount but I am so sick of seeing on here that there is no more amt because it is not accurate. OP you need to just crunch the tax numbers yourself to see if it is a “wash” for your family or not. [/quote]
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