Dave Ramsey
👤 SpeakerAppearances Over Time
Podcast Appearances
Yeah, exactly.
Because you need that 31.5 at married filing jointly.
If you don't have that much in write-offs for whatever reason, then you're better off.
And here's how silly it is now.
With this huge amount of standard deduction now, this 31.5 is way high.
It's now 91% of Americans do standard deduction.
Now, if you do standard deduction, you are not writing off charitable giving.
You are not writing off interest on your home mortgage.
That's right.
Because you're taking a standard deduction and you're not itemizing.
You only write those things off if you're itemizing.
That's right.
And so you say, I'm keeping my home mortgage because I get a tax break.
You lied to yourself.
You didn't get a tax break because 91% of you.
So good.
Did the standard deduction.
Life changes that affect taxes.
Yeah, and that ends up, you know, why your refund changes is those things.
It's stuff like having a kid, buying a house, starting a business, stuff like that.