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Reply to "What are SALT taxes besides property taxes and state income taxes?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As a single parent, I don’t get the child tax credit (it phases out at a much lower income level than for married couples), and my personal deduction is $12K, not $24K. So cutting my SALT deduction from the $22K that it is to just $10K sucks![/quote] Can you file head of household? Standard deduction is $18K for HoH.[/quote] +1. HoH tax bracket thresholds are also higher. I'll note, though, that while the child tax credit phaseout is half of what it is for married couples for HoH and single filers--it is still $200K, which is far, far more than most households in the U.S. are earning.[/quote]
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