Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

SALT on the Wound

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Some of you may recall that a component of last year’s tax reforms was a $10,000 limit on State And Local Taxes (SALT) which includes, important, property taxes on real estate. I had sort of forgotten about this until I begin very crudely roughing out our taxes for 2018 and noticed this:


As you can see, the deduction would formerly have been $13,945, but thanks to the new law, POOF!, about $4,000 is no longer deductible. Those have to be AFTER tax dollars. Keep in mind, I had only calculated property tax on our house: this doesn’t include state and local taxes (which for some folks can be really significant).