amaz
(Member)
03/21/04 03:54 PM
Re: How to use the law to save money for your meds

Actually, most people who don't have mortgage interest which is generally the single item capable in getting them in a situation of itemizing deductions as opposed to the flat standard deduction you are granted if you do not file Sch A may well be better off NOT intemizing. For example this year for a married filing jointly couple gets about $9500 standard deduction be default even if all their itemized deductions are less than that. One common mistake I see with returns being done by H & R Block types is that people that qualify for head of household status are only given single...BIG COSTLY mistake for single parents who qualify for HOH status and are not itemizing!


Help & Contact Information | Privacy statement | Rules Free Members Area

*
UBB.threads™ 6.5
With Modifications from ThreadsDev.com by Joshua Pettit