I always know that the taxes we pay in England are allowed as a credit here in the states. With our married deductions, and extra for my husband’s age, we may pay a few dollars here, but this year I have no idea what will happen.
Being the first year with the new taxation system, it looks as if we might be worse off, taking the standard deductions, and not itemizing.
We do have an accountant, and I am getting paperwork ready for our appointment next month.
Is it just me, or are the lower income filers going to pay more in tax?