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[novamc1]

@happycat

Don't think anything will be new or  special for renters or anyone else who doesn't have a big pile of expenses that can be itemized.    Rent is not a deductible expense, unlike mortgage interest, property tax, etc, which are deductible.

The standard deduction is the easy and  best way for more people than ever before, it seems.

[heart of savino]

be prepared when you  meet your accountant when doing your tax getting a refund is highly un likely.you might want to hope to just to break even.most people are paying this year or just about breaking even.i normally get around 2;000 dollars back and i have to pay this year 700 dollars.a refund this year is highly unlikely.

[ccassaday]

The standard deduction doubled so it shouldn’t effect taxes by that much if you can’t itemize anymore.

[ccassaday]

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@heart of savino wrote:

be prepared when you  meet your accountant when doing your tax getting a refund is highly un likely.you might want to hope to just to break even.most I people are paying this year or just about breaking even.i normally get around 2;000 dollars back and i have to pay this year 700 dollars.a refund this year is highly unlikely.

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If you can help it you don’t want a big refund. That is giving the government a interest free loan for a year.  If refunds are down it’s because people are getting more in their paychrcks. That is a good thing.

[VaBelle35]

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@ccassaday wrote:

The standard deduction doubled so it shouldn’t effect taxes by that much if you can’t itemize anymore.

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It's about the change in the payroll taxes last year.  Everyone got more in their paycheck and very few understood that it also meant less in your tax return.