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2018 tax reform bill

December 17th, 2017 at 11:58 pm

I'm not entirely sure we'll get a tax cut but whatever. It is what it is.

That being said I'm sort of being pushed to buy our new to us car now this month because I think I want to capture the sales tax break since we itemize. I'm not sure how everything will shake out next year.

Is it worth it? I'm still contemplating. The only good thing is that we've been thinking about it and meaning to do it for 2 months now but haven't pulled the trigger.

I will say that I think the tax bill will have negative repercussions for charitable donations. I think less people will give. But until everything is signed I think we'll still have to see.

2 Responses to “2018 tax reform bill”

  1. rob62521 Says:

    I'm with you. We are wondering how this will effect us.

  2. CB in the City Says:

    I think I may actually get a bit of a tax cut, since I usually use the standard deduction. However, that doesn't make me happy because it is wrong on so many levels -- the charitable giving cut, the mortgage interest cut, the handout to the wealthy, the handout to corporations, the increase to the national debt. What a mess it will be.

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