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Reply #5: Correction, though [View All]

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Home » Discuss » DU Groups » Economy & Jobs » Personal Finance and Investing Group Donate to DU
question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-27-07 11:47 AM
Response to Reply #4
5. Correction, though
depending on your age, you cannot deduct all of that - I could not understand why TurboTax was "cheating " me of about $2K, so I went to Pub. 502:

Age 40 or under - $280

Age 41 to 50 - $530

Age 51 to 60 - $1060

Age 61 to 70 - $2830

Age 71 and over - $3530
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