Originally Posted by
TheRaven
Why don’t you look at what your tax liability was instead of looking at your refund
So I did a little math.
Taxes withheld for the year as a percentage of my income went from 11.89% in 2017 to 10.20% in 2018. So a slight gain in my favor.
However...
My tax liability after deductions went from 2.2% in 2017 to 6.6% in 2018. So a huge decrease for me.
I do the foreign residence exclusion. This year none of my housing costs were deductible. None of the business expenses were deductible. None of my housing interest was deductible. All in all I lost $11,234 in deductions when compared with 2017.
I like it that the standard deduction went up, but it would have been nice if they would have still allowed the options of having those other deductions.