Quote:
Originally Posted by llovelace
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.
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Nearly impossible for a Florida resident. If you are a high income person from a high tax state, paying alimony or adopting a child .... maybe.
Every person who has said that to me so far has either been uninformed or purposely making a false statement.