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2017 vs 18 tax calculator

Started by 300_mercer
about 7 years ago
Posts: 10570
Member since: Feb 2007
Discussion about
https://smartasset.com/taxes/new-york-tax-calculator#uMNuJ3Odfn Please do not forget to use “advanced” inputs and Single or married status.
Response by 300_mercer
about 7 years ago
Posts: 10570
Member since: Feb 2007

Will appreciate any other links which provide calculations for NYC residents.

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Response by ChasingWamus
about 7 years ago
Posts: 309
Member since: Dec 2008

No mention of AMT on this calculator, and considering it does not differentiate between mortgage interest expense and other deductions, I suspect it is ignored. This makes it difficult to compare yoy under the different tax rules.

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Response by 300_mercer
about 7 years ago
Posts: 10570
Member since: Feb 2007

Mortgage interest deduction will remain the same for existing mortgages. Guessing AMT is factored in when they calculate. I believe the absolute taxes are not correct (at least for me as they were understated) but the changes from 2017-18 assuming the same income are not far off.

Would love to see a link to a more sophisticated calculator.

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