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Financial Planning / Tax Strategies


Subject:  Re: 'Pros' making simple mistakes Date:  4/16/2009  11:12 PM
Author:  Wradical Number:  105801 of 127513

There are a couple of states out there (and I know Oklahoma is one, the others escape me), where the standard deduction is quite low, but you can't itemize for the state unless you itemize for the federal return also. I don't know if that's true in your state or not.

In that case, you have to run the numbers both ways and see which option is better overall.

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