audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Same here, so I just skipped that part.
Yeah - I skipped that part of the poll too.
Same here, so I just skipped that part.
Previously itemized but will take standard deduction in 2018 | 32 | 50.8% | |
Previously itemized and will continue to do so | 17 | 27.0% | |
Previously used standard deduction and will continue to do so | 14 | 22.2% | |
Previously used standard deduction but will itemize in 2018 | 0 | 0.0% | |
Total | 63 | 100.0% |
Contributions in 2018 will be higher than in prior years | 11 | 19.3% | |
Contributions in 2018 will be about the same as prior years | 28 | 49.1% | |
Contributions in 2018 will be lower than in prior years | 13 | 22.8% | |
I don't do contributions. | 5 | 8.8% | |
Total | 57 | 100.0% |
.... as well as prepay 6 months of my 2020 health insurance premiums in December 2019. I believe this will help DW and I, taxwise. ...
We receive our 12 month coupon book for health care premiums in June, just like a car payment book. We have in the past, paid all 12 months at once, and took the annual deduction. So I dunno...
At least 2 of us out of those 6 knew it was a 2 question poll but didn't know how to answer for a DAF, so we intentionally skipped it.Participants who missed it was a two-question poll: 6
Seems worth a shot. In the property tax dustup, deductibility turned on whether the tax had been assessed or not. You could not deduct what in essence was an estimate of future tax due.We receive our 12 month coupon book for health care premiums in June, just like a car payment book. We have in the past, paid all 12 months at once, and took the annual deduction. So I dunno...
Somewhat difficult to answer the first part because, previously, we bunched deductions every other year and itemized. For the in-between years, we took the standard deduction. Because our annual property tax is about equal to the prior standard deduction amount, this essentially enabled us to take 3 standard deductions every 2 years, plus we bunched charitable.
2017 was a bunching year. We paid our 2016 property tax in January of 2017, and paid our 2017 property tax in December of 2017. We also made LOTS of charitable contributions, knowing that it may be our last year to itemize. In December of 2017, we pulled in some contributions, that would have ordinarily been made in 2018, to maximize the 2017 tax benefit. So yes, 2018 contributions will be lower than normal, but should normalize in 2019.