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jrdavid68 jrdavid68 is online now
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Join Date: Jan 1999
Location: A Fly Over State
Posts: 1,581
Thansk qikcpa -

Apparently it does qualify - it comes up from time to time on a Touareg forum that I frequent.

The last few years we have been "Married filing Separately - Itemized" - I work the taxes each way and it turns out best if she takes the kid deductions (her kids) and I take the house deductions etc.

She doesn't have a lot of deductions doing this. She gets reimbursed for many of the trips that require a rental car, hotel and airfare. She also has one semi-permanent contract that gets her 10-12 days a month - she will gross more on that contract alone than she did last year, but with a bigger tax hit.

If the 179 deduction is $25K, how much would she need to gross for that to make sense? I guess I was just curious if we could somehow trade the current V6 in for a V8 (more power = good) and offset the hit by the tax savings.

Thanks!
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Old 08-29-2004, 09:09 PM
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