Old 03-15-2019, 05:55 PM
Crabpot Man
Senior Member
Join Date: Jan 2007
Location: Albemarle Sound Management Area
Posts: 6,217

Originally Posted by Jonesy23 View Post
2017 standard deduction : myself, wife, 3 kids x $4050 = $20259.
Plus Itemized = $15740: morgage interest and taxes.
So your taxable income rose $12,000, but your child tax credit increased $3000.

Unless you are in the top tax bracket (>$315k), you didn't lose anything.

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