Talk of The Villages Florida - View Single Post - Tax Cut Has Arrived
Thread: Tax Cut Has Arrived
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Old 02-02-2018, 12:14 AM
llovelace llovelace is offline
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Default Calculate Your Tax
I just received a larger pension check but after calculating what I will need to pay in taxes for 2018, it certainly appears I will be paying more. Even though the standard deduction will go up to $12000 but with the elimination of the personal exemption of over $4000 and elimination of other deductions my taxes will increase and I fear I will not pay enough in and be penalized in the end. Be careful before you spend this and determine if your taxes will really go down. Mine will not. I think many people will be surprised when they file next year.