Re:1 in 4 Americans are jobless or earning poverty-level wag...
by pkaye on Saturday November 21, 2020 @10:09PM
(#25174618)
> Is it not the case that taxpayers in the U.S. can write-off interest on their mortgages? That's insanely regressive.
With the 2018 tax changes, a lot of the itemized deductions are capped and the standard deductions raised. I think I've read now that 90% of the filings are for standard deductions.
With the 2018 tax changes, a lot of the itemized deductions are capped and the standard deductions raised. I think I've read now that 90% of the filings are for standard deductions.