More Taxes, Lower Refunds – Will tax changes impact Delaware residents?
How the reduction of itemized deductions may impact income tax and refunds for those living in the state of Delaware.
Losing itemized tax deductions
The full impact of recent changes to income tax deductions is starting to become apparent, even in Delaware where traditionally residents enjoy lower state taxes. I spoke to a friend the other night, before our pickleball game, who for the first time was not able to itemize deductions. This tax change made a noticeable difference in the overall taxes he paid. He wondered if the loss of itemized deductions would make people less interested in owning a home.
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