Quote:
Originally Posted by Sideline
30k of expenses? I was thinking the only expense that was removed was entertainment, is that wrong?
1. Limitation on mortgage interest is big. (designed to hit homeowners in blue states where property values are higher.)
2. Limitation on job expenses is big. (primarily designed to hit coastal white collar professions that have a lot of mandatory continual education and training)
3. a bunch of other random things. The wonks literally were brainstorming deductions to eliminate to get the bill into reconciliation guidelines so a lot of it is really random.
My guess (really, 90% guess) is he was claiming big deductions on the cost of his equipment (truck) and most of it is now disallowed. I don't think that's all of it but I'd be surprised if it's not a big chunk.