I'm trying to do some long-term planning based on the new tax law. For example, our mortgage interest payments plus taxes equal about $10K per year. Since the new standard deduction for married filing jointly will increase over the next few years, there will be no tax benefit from itemizing deductions for us (absent medical or other disasters) and we may as well pay the house off. I'd like to see other ideas that you tax-savvy folks have come up with so that we have a thread with long-term strategies.
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