报税季节话省税： AGI, 中产阶级的致命！

长期以来，AGI 让中产阶级吃尽苦头， 且愈演愈烈。 if your AGI is greater than 75,000 (single)/150,000 (join), $8,000 tax credit 与君无缘，郁闷吧？ 岂止如此。How about rental loss limitation?

higher AGI will result in phase out of the followings:

- child tax credit

- IRA deductions

- Sch A fully deduction

- tuition and fees deduction

- college student financial aid (FA) and scholarship applications

- Gov loan FHA to buy home

And so on... in a word, 利少弊多就是啦。

What savvy tax payers do to protect their assets is to try as much as possible to lower their AGI. Warren Buffett is one of them. You may not believe he pays taxes at lower rate （16%）than his secretary. Don't get surprised if your rate is even higher than his!

So, take control of your AGI, my friends. How? Pay very close attention to (大作文章) all lines above line 37 on the 1st page ( I really mean it) of form 1040 . 不要放过 Sch C, D, E. Don't omit lines from 23-36。

Don't let AGI knock you out. Happy tax season! :-)

所有跟帖： 

• 谢谢游子，非常有用。 -福龟龟- ♀ (0 bytes) () 02/10/2010 postreply 12:43:45

• you bet. thanks for your reminder of closing cost, too. -美西游子- ♀ (46 bytes) () 02/10/2010 postreply 13:00:08

• 谢谢好文！再说说具体怎么做？ -laoyangdelp- ♀ (72 bytes) () 02/10/2010 postreply 13:03:38

• 是啊，有啥好招 -u_boat- ♂ (0 bytes) () 02/10/2010 postreply 13:28:25

• this is from the IRS website -rfbenn- ♂ (464 bytes) () 02/10/2010 postreply 13:17:12

• the best way to save tax is to be a contractor but not employee -stl- ♂ (0 bytes) () 02/10/2010 postreply 13:31:24

• Hehe, knowing tax law is No. 1 issue for 投资理财。 -Morning3evening4- ♂ (484 bytes) () 02/10/2010 postreply 13:46:25

• 大顶! you got me right. 这是第一绝招！ -美西游子- ♀ (197 bytes) () 02/10/2010 postreply 14:11:42

• I file every year with paper and pen/pencil. -Morning3evening4- ♂ (671 bytes) () 02/10/2010 postreply 14:21:21

• good advice.... -laoyangdelp- ♀ (206 bytes) () 02/10/2010 postreply 14:50:57

• 大家不妨将AGI 解剖一下儿. -美西游子- ♀ (127 bytes) () 02/10/2010 postreply 14:29:08

• IRA deduction is not necessarily a good thing -sunskitehomes- ♂ (184 bytes) () 02/10/2010 postreply 15:13:36

• 说起来容易 -H&CMom- ♀ (622 bytes) () 02/10/2010 postreply 16:38:36

• 是啊，对中产阶级来讲， W-2 是个死结。 -美西游子- ♀ (0 bytes) () 02/10/2010 postreply 17:52:46

• 难道真的一点儿没辙?! -美西游子- ♀ (0 bytes) () 02/10/2010 postreply 18:44:30

• 好文, but Buffett的收入税率低，无关AGI -NewBird- ♂ (0 bytes) () 02/10/2010 postreply 19:12:32