e*******g
发帖数: 1407 | 1 请教大家俩问题，
BUSINESS SCHOOL的学费放哪栏里退税最多啊？
家里的书捐到图书馆能有退税吗？
多谢！ | s******g
发帖数: 654 | 2
From my clients' case:
1. 1040 pg. 1 deduction= easy and not much. Up to $4000 income deduction.
2. 1040 pg.2 credit = easy and not much. Up to $2,000 nonrefundable credit.
3. American Opportunity Credit = a lot($2500 credit). However, only for
resident and college student. Not for graduate school. Higher risk of audit.
4. Itemized deduction = Hudge deduction and highest risk for IRS audit. (my
client got audited in 2007 because he prepared 2006 by himself ($44,000
deduction). So, he came and looked for help.)
Yes. Ask for a receipt with estimated value.
【在 e*******g 的大作中提到】
: 请教大家俩问题，
: BUSINESS SCHOOL的学费放哪栏里退税最多啊？
: 家里的书捐到图书馆能有退税吗？
: 多谢！
| J*****i
发帖数: 2622 | 3 I believe that 1040 pg. 1. above-the-line deduction expired in 2009, and is
not available for 2010.
2. Life time learning credit is the way to go for unreimbursed graduate
school tuition, but phase-out between $50K-$60K for single and $100K- $120K
for marry-filing-jointly.
3. Applying American Opportunity Credit when you are NOT eligible is tax
fraud. With Form 1098-T, IRS does not need an audit to figure out it was for
graduate school.
4. Seldom beneficial.
Book donation: non-cash charitable contribution deductions if you take itemize deduction.
.
audit.
my
【在 s******g 的大作中提到】
:
: From my clients' case:
: 1. 1040 pg. 1 deduction= easy and not much. Up to $4000 income deduction.
: 2. 1040 pg.2 credit = easy and not much. Up to $2,000 nonrefundable credit.
: 3. American Opportunity Credit = a lot($2500 credit). However, only for
: resident and college student. Not for graduate school. Higher risk of audit.
: 4. Itemized deduction = Hudge deduction and highest risk for IRS audit. (my
: client got audited in 2007 because he prepared 2006 by himself ($44,000
: deduction). So, he came and looked for help.)
: Yes. Ask for a receipt with estimated value.
| e*******g
发帖数: 1407 | 4 Thank you both! These are really helpful information! | j***y
发帖数: 882 | 5 1 deduct 和 2 credit只能选一个吧？
那应该是2000 credit来得多。
4能怎么搞？
根据1，最多就抵4000，
选4的话还能比4000多
thx
.
audit.
my
【在 s******g 的大作中提到】
:
: From my clients' case:
: 1. 1040 pg. 1 deduction= easy and not much. Up to $4000 income deduction.
: 2. 1040 pg.2 credit = easy and not much. Up to $2,000 nonrefundable credit.
: 3. American Opportunity Credit = a lot($2500 credit). However, only for
: resident and college student. Not for graduate school. Higher risk of audit.
: 4. Itemized deduction = Hudge deduction and highest risk for IRS audit. (my
: client got audited in 2007 because he prepared 2006 by himself ($44,000
: deduction). So, he came and looked for help.)
: Yes. Ask for a receipt with estimated value.
|
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