In short, engineers in CA/NY will see their taxes increase substantially because you can no longer deduct state income taxes.
The $500k mortgage interest deduction will also affect folks in states with expensive property, but current versions of the bill only apply this new limit to mortgages created after Nov 2, 2017.
If you are an engineer making a salary in the band you mentioned, this is most likely going to be a significant raise in your tax bill.
http://mailchi.mp/2b465b061dd6/december-2017-clients?e=c3de0...
In short, engineers in CA/NY will see their taxes increase substantially because you can no longer deduct state income taxes.
The $500k mortgage interest deduction will also affect folks in states with expensive property, but current versions of the bill only apply this new limit to mortgages created after Nov 2, 2017.
If you are an engineer making a salary in the band you mentioned, this is most likely going to be a significant raise in your tax bill.