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