Share Your 2018 Tax Filing Story
With tax day less than a month away, many Orange County families are starting to feel the squeeze. With the skyrocketing cost of housing, prescription drugs, and childcare, families in the 45th District can’t afford to pay a single extra dollar in taxes.
Congresswoman Porter’s office is interested in hearing your story as you file your taxes for 2018. The Trump tax bill enacted last year capped the deduction for state and local taxes (SALT) at $10,000 a year, meaning many families may end up paying taxes twice on the income they earn. Before the Trump tax bill, Orange County families were able to fully deduct property taxes and other state taxes from their income – meaning it was untaxed at the federal level. That changed last year with the Trump tax overhaul.
Estimates indicate that 37% of taxpayers in the 45th district use the SALT deduction, with an average deduction of $18,200. By capping the deduction at $10,000, many middle-class families may end up with higher tax bills at the end of the year. What’s worse, the Trump tax bill imposes a marriage penalty. While unmarried individuals can each file for $10,000 worth of SALT deductions – totaling $20,000 worth of deductions – a married couple can only claim $10,000.
Congresswoman Porter wants to hear your feedback and invites you to share your story. She will continue fighting to restore the SALT deduction, which helps thousands of Orange Country families.
To share your story, please visit http://bit.ly/2018taxstory.