Re:For first time since 1880s, more young Americans live wit...
by dionidium on Tuesday May 24, 2016 @07:13PM
(#11766346)
I've never understood why people make such a big deal out of that deduction
The reason is that this, like nearly everything else in this thread, only applies to the coasts or for houses that would be considered quite expensive elsewhere.
The median home value in St. Louis, for example, is less than $150k. The standard deduction for a married couple filing jointly is $12,600. The math is pretty simple from there.
The reason is that this, like nearly everything else in this thread, only applies to the coasts or for houses that would be considered quite expensive elsewhere.
The median home value in St. Louis, for example, is less than $150k. The standard deduction for a married couple filing jointly is $12,600. The math is pretty simple from there.