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Financial Planning / Tax Strategies


Subject:  Re: tax deductions Date:  5/31/2003  12:49 AM
Author:  ibnana Number:  65605 of 127988

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. paid off, low tax state/county, but using the over 65 standard deduction.
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