View Single Post
Old 03-24-2005, 05:15 PM   #1 (permalink)
liberalguy
Citizen
 
liberalguy's Avatar
Join Date: Jan 2005
Location: berkshire, ma
Posts: 127
Points: 3,768, Level: 38
Points: 3,768, Level: 38 Points: 3,768, Level: 38 Points: 3,768, Level: 38
Level up: 79%, 32 Points needed
Level up: 79% Level up: 79% Level up: 79%
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
liberalguy is offline
Reply With Quote
Standard or Itemized deductions
In my highschool "economics and money" class, I have learned a lot about the best way to do your taxes. Some people just submit their income and select standard deductions without even checking to see if itemized deductions would save you more. I selected standard deductions considering I was living with my parents for some time but now I have a mortgage. Since I have a mortgage and other qualified deductions, itemized deductions is the way to go for me considering it saves me more than standard deductions now.

You guys pay close attention to your taxes??Pretty interesting stuff if you know what your doing. Well I'm just learning
"I am not a member of any organized party - I am a Democrat"

-Will Rogers
Sponsored Links