Comments on: Tax Deductions: Above-the-Line, Standard, Itemized, and Miscellaneous http://thefinancebuff.com/tax-deductions-above-the-line-standard-itemized-and-miscellaneous.html like a friend telling you about money ... Fri, 10 Feb 2012 17:31:35 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: TFB http://thefinancebuff.com/tax-deductions-above-the-line-standard-itemized-and-miscellaneous.html#comment-7538 TFB Wed, 21 Dec 2011 19:16:00 +0000 http://thefinancebuff.com/2009/02/tax-deductions-above-the-line-standard-itemized-and-miscellaneous.html#comment-7538 Joe Drane - The Feds will have no problem with your bunching deductions and alternating between using the standard deduction one year and itemizing deductions the next. Joe Drane – The Feds will have no problem with your bunching deductions and alternating between using the standard deduction one year and itemizing deductions the next.

]]> By: Joe Drane http://thefinancebuff.com/tax-deductions-above-the-line-standard-itemized-and-miscellaneous.html#comment-7534 Joe Drane Wed, 21 Dec 2011 17:52:58 +0000 http://thefinancebuff.com/2009/02/tax-deductions-above-the-line-standard-itemized-and-miscellaneous.html#comment-7534 Super stuff. Your explanation immediately answered my question on whether or not to pay my homestead property taxes in December 2011 or January 2012. I paid off my house last year. Yea! But I have no mortgage interest deductions to claim in 2011. Boo (sort of), so itemizing my taxes is a no-go for me anymore. Since property taxes are below the line, and since my community allows me to pay after the first of the year, I can pay them twice in 2012. So, I should have enough deductions to itemize in 2012. But if the Feds hate this then I best find out now.... Super stuff. Your explanation immediately answered my question on whether or not to pay my homestead property taxes in December 2011 or January 2012. I paid off my house last year. Yea! But I have no mortgage interest deductions to claim in 2011. Boo (sort of), so itemizing my taxes is a no-go for me anymore. Since property taxes are below the line, and since my community allows me to pay after the first of the year, I can pay them twice in 2012. So, I should have enough deductions to itemize in 2012.

But if the Feds hate this then I best find out now….

]]> By: Mira http://thefinancebuff.com/tax-deductions-above-the-line-standard-itemized-and-miscellaneous.html#comment-6766 Mira Mon, 27 Jun 2011 15:51:33 +0000 http://thefinancebuff.com/2009/02/tax-deductions-above-the-line-standard-itemized-and-miscellaneous.html#comment-6766 Thank you so much. I"m taking a tax class and my teach confused me so much but this article brought me SO MUCH clarity! You should replace my teacher..lol :) Thank you so much. I”m taking a tax class and my teach confused me so much but this article brought me SO MUCH clarity! You should replace my teacher..lol :)

]]> By: Mike http://thefinancebuff.com/tax-deductions-above-the-line-standard-itemized-and-miscellaneous.html#comment-6316 Mike Thu, 31 Mar 2011 13:17:20 +0000 http://thefinancebuff.com/2009/02/tax-deductions-above-the-line-standard-itemized-and-miscellaneous.html#comment-6316 Is there a way that you know of to modify the way turbo tax does taxes, I have all my deductions in, though I feel like the software is not putting enough deductions above the line Is there a way that you know of to modify the way turbo tax does taxes, I have all my deductions in, though I feel like the software is not putting enough deductions above the line

]]> By: L http://thefinancebuff.com/tax-deductions-above-the-line-standard-itemized-and-miscellaneous.html#comment-4397 L Tue, 07 Sep 2010 01:11:04 +0000 http://thefinancebuff.com/2009/02/tax-deductions-above-the-line-standard-itemized-and-miscellaneous.html#comment-4397 I only wish you had written this portion in my textbook on Federal Taxation. I am preparing for my final and this article is so helpful. Thank you, L I only wish you had written this portion in my textbook on Federal Taxation. I am preparing for my final and this article is so helpful.

Thank you,

L

]]> By: Sam http://thefinancebuff.com/tax-deductions-above-the-line-standard-itemized-and-miscellaneous.html#comment-2572 Sam Sat, 22 Aug 2009 17:20:47 +0000 http://thefinancebuff.com/2009/02/tax-deductions-above-the-line-standard-itemized-and-miscellaneous.html#comment-2572 You have explained this with amazing clarity. Thank you very much!!! You have explained this with amazing clarity. Thank you very much!!!

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