Re: Tax return question
[ QUOTE ]
The deductions on your paycheck have nothing to do with itemized deductions you take on your tax return. The standard deduction for 2005 is $5,000, so if your total itemized deductions (including your gambling losses) are less than that then you can't itemize.
[/ QUOTE ]
I was told it was 7K as of 2005. I don't know if my information is correct, just pointing it out.
TT [img]/images/graemlins/club.gif[/img]
|