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Author: tsouth Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: Advice on how to reduce my AGI Date: 12/20/2000 9:34 AM
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Are there any deductions/credits/tricks I can use to reduce my AGI by $10,000 to help bring me down to the $161,000 range??

.......................

I agree with the other poster that the extra 5% in tax is on your last bit of income.

Also, there is a difference between pre-tax income ($180k) and taxable income (which isn't the same as AGI). Take a look at the 1040 to get a rough guess as to your taxable income. Don't forget that your 401k contributions (if you contribute) are taken out pre-tax and will not show up in the AGI. Also, you may be able to qualify for deductions on student loan interest, moving expenses, or medical savings accounts. And, even if you can't itemize your deductions, I'm assuming you can take the standard deduction of $7350 for married filing jointly.

Try http://www.irs.ustreas.gov for the 2000 tax forms. I did a quick run through on ours last month.

Best of Luck,

Teresa
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