Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

You can't deduct state & property taxes beyond $10k anymore, that deduction has been neutered significantly.

Charitable donations are not a tax dodge scheme for even the people who make $500k/yr, it's way too complicated and expensive to make it a vehicle to direct tax free spending. As an estate tax dodge, yes it is a thing, but again, many high income people don't have $5mm sitting around where that becomes a good idea too.

Theft is also not a reliable tax deduction, and if it was, it would be fraud! And you just lost something!!! I assure you the vast majority are not doing this.

So please, tell me what actual tax deductions you can take as a high income W2 employee that is actually significant



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: