scrabbler1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 20, 2009
- Messages
- 6,699
As I was preparing a draft of my ladyfriend's federal income taxes, I was entering her Schedule A itemized deductions into my homemade spreadsheet. I knew all along from earlier estimates that it would be pretty close as to whether we would need to itemize her deductions versus taking the standard deduction.
But imagine my surprise when, after entering her mortgage interest, property taxes, and state income taxes into the spreadsheet the total itemized deduction came out to be $5,800.17, only 17 cents different from the SD (single person).
Looks like we can forget about her Schedule A this year (even if her itemized deductions were a few dollars higher, it might still make no difference). Form 1040EZ is pretty quick and "EZ" to do.
But imagine my surprise when, after entering her mortgage interest, property taxes, and state income taxes into the spreadsheet the total itemized deduction came out to be $5,800.17, only 17 cents different from the SD (single person).
Looks like we can forget about her Schedule A this year (even if her itemized deductions were a few dollars higher, it might still make no difference). Form 1040EZ is pretty quick and "EZ" to do.