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Wal-Mart the ugly...handing out raises FDX next?
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<blockquote data-quote="bacha29" data-source="post: 3311505" data-attributes="member: 58386"><p>If you have a mortgage, pay state and local income taxes including school property taxes have high deductible healthcare plans or no insurance at all or high medical mileage A casualty loss from fire floods etc and don't forget charitable contributions and the loss of that Schedule A deduction could really hurt future donations to churches, humanitarian organizations etc. It doesn't take long to approach that 24K figure. Now understand the IRS having to audit Schedule A deductions has for a long time been a high cost low return process and getting rid of it altogether has been something they have wanted to do for a long time. This will speed up the elimination but there will be winners and losers under the new plan . It all depends on the individuals own situation.</p></blockquote><p></p>
[QUOTE="bacha29, post: 3311505, member: 58386"] If you have a mortgage, pay state and local income taxes including school property taxes have high deductible healthcare plans or no insurance at all or high medical mileage A casualty loss from fire floods etc and don't forget charitable contributions and the loss of that Schedule A deduction could really hurt future donations to churches, humanitarian organizations etc. It doesn't take long to approach that 24K figure. Now understand the IRS having to audit Schedule A deductions has for a long time been a high cost low return process and getting rid of it altogether has been something they have wanted to do for a long time. This will speed up the elimination but there will be winners and losers under the new plan . It all depends on the individuals own situation. [/QUOTE]
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