rbynaker
Level 13
12-06-2019
11:28 PM
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"Worse off" isn't necessarily the right conclusion. In many of the cases I've looked at like this, even if the taxable income is higher than the prior year, the overall tax is lower because the rates dropped. You should also consider the state income tax ramifications of choosing standard vs itemized in these borderline cases.
But yes, there are winners and losers of TCJA.
Rick