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About JimMorgan

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Retirement

Re: What's the story on tax returns this year?

I've been retired for about 20 years and YES I did have to pay taxes for the first time this year. I live in California and we have higher local taxes and higher mortgage interest that people in other parts of the country.

JimMorgan 03-18-2019 02:36 PM

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Retirement

Re: What's the story on tax returns this year?

I'm retired and in previous years my deductions and exemptions (between $28,000 to $30,000) kept me from paying any federal or state income taxes. This year the $26,000 standard deduction is supposed to consider both personal deductions and exemptio...

JimMorgan 03-18-2019 02:34 PM

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9635

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Retirement

Re: What's the story on tax returns this year?

I've been retired for about 20 years and YES I did have to pay taxes for the first time this year. I live in California and we have higher local taxes and higher mortgage interest that people in other parts of the country.

JimMorgan 03-18-2019 02:36 PM

1

Reply

0

Kudos

9627

Views

Retirement

Re: What's the story on tax returns this year?

I'm retired and in previous years my deductions and exemptions (between $28,000 to $30,000) kept me from paying any federal or state income taxes. This year the $26,000 standard deduction is supposed to consider both personal deductions and exemptio...

JimMorgan 03-18-2019 02:34 PM

0

Replies

2

Kudos

9635

Views

Retirement

Re: What's the story on tax returns this year?

I've been retired for about 20 years and YES I did have to pay taxes for the first time this year. I live in California and we have higher local taxes and higher mortgage interest that people in other parts of the country.

JimMorgan 03-18-2019 02:36 PM

1

Reply

0

Kudos

9627

Views

Retirement

Re: What's the story on tax returns this year?

I'm retired and in previous years my deductions and exemptions (between $28,000 to $30,000) kept me from paying any federal or state income taxes. This year the $26,000 standard deduction is supposed to consider both personal deductions and exemptio...

JimMorgan 03-18-2019 02:34 PM

0

Replies

2

Kudos

9635

Views

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Date Registered	‎10-19-2009 12:00 AM
Last Visited
Total Messages Posted	2
Total Kudos Received	2

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