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Strategies & Market Trends : Value Investing
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To: Grommit who wrote (60223)12/21/2017 12:39:39 PM
From: Paul Senior1 Recommendation

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E_K_S

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Grommit, I've read the FIFO requirement was excluded from the final version of the tax bill.

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If I had to pay taxes on my 2017 income using the new 2018 tax rules, I believe I would have a tax increase on about $3000 of income that I couldn't exlude under the new rules.
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Lot of talk that the standard deduction goes to $24K from $12K. Not so much talk that I hear that the personal exemption ($4050) goes away. For a family of four (joint filers), who don't itemize, that results in an additional $12K (12k to 24k) that doesn't have to be taxed, but (4x$4050) = $16k that does.
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