Thread: taxes
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Old Apr 13, 2008, 12:29 PM
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EJ711 EJ711 is offline
Grand Magnate
 
Member Since: Nov 2005
Location: Kansas
Posts: 3,841
Sidony,

Everyone winds up adding all their deductions, to find up if they are more than the standardized deduction, which I believe is the 7.5% of total income. If the standardized deduction is greater, then you use that.

The extent of my tax knowledge.

EJ