Not necessarily. On a $130k income, you would certainly have more
Actually, he won’t, married filing jointly, $130K taxable income yields $7800 in income tax.
So he’ll lose about $3000 in standard deduction.
He’s kind of at the sweet spot for mortgage deduction, however with 3 kids and a spouse lobbing mortgage interest, property tax deductions on may swing him into AMT.
Since his taxes are pretty simple, he should invest $19 in TaxCut/TurboTax or the equivalent and spend 15 minutes doing a mock up.
