If you have two incomes and no kids, the fed changes may well net out about even - our married filing jointly itemized return was about $24K, so now the standard deduction doesn't change much. We owed about $300 more to feds - basically due to compensation increases.
That said - look at your state returns.
We live in GA - they tax 5.75%, and state law says if you itemize on feds, you must do same on state... same if you claim standard deduction.
Well, with the standard deduction on feds , we end up paying $1500 more on state taxes due to the increased taxable income.
Trouble is, with the fed changes, we'd lose more than $1500 trying to itemize there.
So as middle income LRCers ($180K) we definitely lose in this new "tax cuts and jobs act" era.
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