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Author: Rhodnius Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121585  
Subject: Questions re Get Credit for Retirement Contribs Date: 2/5/2004 9:36 PM
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Just saw this article:

http://www.fool.com/taxes/2004/taxes040130.htm

Let me start by saying Thanks, Fool and Roy! I never would've heard of that! Gets me at least an extra $200 this year, as I'll be funding a Roth with at least $2000.

Just a couple questions about it:

Is this new in the last year or two? Two years ago (2002), I would've qualified; I used TurboTax that year and it never mentioned it to me. I used 1040EZ, maybe that's why.

What exactly do the income limits mean - is that before or after deductions? I have gross income of about 25K, just above the thresholds for more than 10% credit. Standard deduction will apply, and I also had medical expenses that might itemize to slightly more than the standard (haven't run the numbers yet.)

Finally, is there anything I can do now to nudge myself down into the higher-percentage categories?

Thanks for any advice.
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