Not after tomorrow. Once Biden signs no 2020 payback. ** -- Hokiehouse7 03/08/2021 7:32PMInsert a Link
Enter the title of the link here:
Enter the full web address of the link here -- include the "http://" part:
Enter the full web address of the link here -- include the "http://" part:
|
Current Thread:
|
Not after tomorrow. Once Biden signs no 2020 payback. ** -- Hokiehouse7 03/08/2021 7:32PM Does he have any gambling losses he can deduct? ** -- MCL3 Hokie 03/08/2021 6:25PM That's an itemized deduction and doesn't help with the MAGI problem. -- Hokie CPA 03/09/2021 07:57AM Sounds like he needs a better accountant ... -- vt90 03/08/2021 4:50PM Modified Adjust Gross Income is not affected by itemized (charitable) ded- -- Hokie CPA 03/08/2021 4:53PM Good point. That is exactly why I pay an accountant. ** -- vt90 03/08/2021 4:57PM I might be able to convince him to make a deductible IRA contribution -- Hokie CPA 03/08/2021 4:59PM Damn... No earned income (they're retired, drawing pensions and social sec) -- Hokie CPA 03/08/2021 5:16PM Health Savings Account deduction looks like it'll work. -- Hokie CPA 03/08/2021 5:33PM You can do an HSA contributionwith the Gov't Insurance? I know you-> -- HOKIERIT 03/08/2021 7:01PM It's 4x the Poverty level, which is $16,910 in the lower 48 for 2020. -- Hokie CPA 03/09/2021 07:53AM Interesting...that is NOT very much money ($67K or so)-> -- HOKIERIT 03/09/2021 6:46PM You are doing your due diligence! ** -- vt90 03/08/2021 5:42PM Nope... that won't work. MFS is a disqualifier for the credit -- Hokie CPA 03/08/2021 4:56PM I guess there's still time for that though, right? ** -- Brown Water 03/08/2021 5:05PM Ok, I laughed ** -- DonHo-kieHi 03/08/2021 9:05PM Did he get kicked out of the ability to get stimulized? ** -- hoosnowahokie 03/08/2021 4:37PM Is the additional tax burden greater than his winnings? ** -- MP4VT2004 03/08/2021 4:36PM By about 4 times.** -- Hokie CPA 03/08/2021 4:38PM Guess he should have been playing Mega or Powerball ** -- Brown Water 03/08/2021 4:41PM Yikes. And no kind of charitable contribution would have bumped him back.. -- MP4VT2004 03/08/2021 4:41PM Define small amount ** -- Brown Water 03/08/2021 4:28PM I don't want to get specific. -- Hokie CPA 03/08/2021 4:32PM In that case ignore my point below. That sucks. ** -- ElbertoHokie 03/08/2021 5:03PM He should have read the back of the lottery ticket first. -- MP4VT2004 03/08/2021 5:08PM Well, he needs to just think of it as additional taxes on his pick 4 -- ElbertoHokie 03/08/2021 4:25PMTech Sideline is Presented By:
Our Sponsors
