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Detached Member
Join Date: May 2003
Location: southern California
Posts: 26,964
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Tax Question-Am I screwed?
Any tax preparerer's, CPAs, Finance Guys I can PM with a tax question. I'm about $1,600 too high on my W-2 to take advantage of the $7,000 college tuition tax credit for my daughter for 06. If I'd taken out that amout in pre-tax contributions to my employer's 401K I'd be OK, but it appears that I can't make a contribution to my IRA to drop that Line 1 amount on the 1040, am I screwed? I could have contributed more to my 401K, but didn't. Thanks for any insight.
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Hugh
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