Plus the tax deduction cap is a hard value without any callout to the treasury department to modify the cap as inflation grows. So if we hit a hyperinflation scenario, a $25k cap won’t mean shit. Congrats on getting a free hotdog’s worth of tax writeoffs.
Plus the tax deduction cap is a hard value without any callout to the treasury department to modify the cap as inflation grows. So if we hit a hyperinflation scenario, a $25k cap won’t mean shit. Congrats on getting a free hotdog’s worth of tax writeoffs.
So the earning limit is indexed but the amount you can claim is not. Somehow half idiocy is much worse than full idiocy.