The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: tax deductions||Date: 5/31/2003 12:49 AM|
|Author: ibnana||Number: 65605 of 119658|
3. Get divorced
Isn't the new tax law closing the gap on this?
6. Donate to charity
If you don't have enough to claim deductions now, chances are donations aren't going to help. You'd have to give the equivalent of mortgage interest to have enough.
I'll add #8.
Get older. Over 65 taxpayers have a higher standard deduction.
Carol......house paid off, low tax state/county, but using the over 65 standard deduction.
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