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 ... Wed, 23 May 2012 12:12:39 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: BJ http://thefinancebuff.com/tax-deductions-above-the-line-standard-itemized-and-miscellaneous.html#comment-8528 BJ Thu, 19 Apr 2012 15:12:41 +0000 http://thefinancebuff.com/2009/02/tax-deductions-above-the-line-standard-itemized-and-miscellaneous.html#comment-8528 Thanks for this article. Before I had not made the connection as to why the above the line deductions were more valuable than below the line deductions. Now it makes sense because of the certain criteria needed to qualify for below the line. Thanks for this article. Before I had not made the connection as to why the above the line deductions were more valuable than below the line deductions. Now it makes sense because of the certain criteria needed to qualify for below the line.

]]> 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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