The biggest issue is finding the man power pool in an economy that is also coming back. That is probably the biggest challenge. During the decade of the 80s this country built three SSNs (attack submarines) and one SSBN (ballistic missile submarine) every year for about a decade.
Standard deduction amounts. The amount of your standard deduction depends on the filing status you qualify for. In 2014 for example, single taxpayers and married taxpayers who file separate returns can claim a $6,200 standard deduction.
Under tax reform, the odds are overwhelming that most borrowers will not claim real estate deductions. Hereâs why: Under todayâs tax system, you can take either the standardized deduction or you can itemize. In 2017, the standard deduction for a married couple filing jointly is $12,700. This increase means that more people will take the standard deduction instead of itemizing, because it's bigger than their total deductions, including mortgage interest. The big print gives, the small print takes. Under the tax reform proposals, the standard deduction will jump to $24,000 for a married couple.