28TaxWS - $6,000.00 Student Loan Interest Deduction...

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IRA Deduction Worksheet - 1040 line 24 Line Description You Spouse 1a Covered by retirement plan  Yes  1b  No  2 Married, filing jointly  $64,000.00   $160,000.00  3 1040, line 22 4 1040, line 23, 27-33a 5 Subtract line 4 from line 3  $-     $-    6 Is line 5 < 2?  $64,000.00   $160,000.00  7 Multiply line 6 by 30%  $3,000.00   $3,000.00  8 Enter wages, 1040 line 7 9 IRA contributions 10 IRA deduction  $3,000.00   $3,000.00  IRA deduction total, for 1040 line 24
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Unformatted text preview: $6,000.00 Student Loan Interest Deduction Worksheet - 1040 Line 25 Line Description Amount 1 Interest paid $778.56 2 1040, line 22 3 1040, lines 23,24,27-33a 4 Subtract line 3 from line 2 $- 5 Married, filing jointly $100,000.00 6 Is line 4 &gt; 5? No 7 Divide line 6 by $30,000 $- 8 Multiply line 1 by 7 $- 9 Student loan interest deduction $778.56...
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This note was uploaded on 02/02/2012 for the course COMP 224 taught by Professor Lang during the Spring '11 term at Gibbs Boston.

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28TaxWS - $6,000.00 Student Loan Interest Deduction...

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