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December 8th, 2009, 09:45 PM
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redbirds redbirds is offline
Blessed Again!
Join Date: Jul 2007
Location: CO
Posts: 18,447
I'm keeping tabs too because I am sure we'll qualify this year. So, if I understand correctly, you can't deduct whatever it is leading UP to your 7.5%, but anything over that can be deducted? So, Tracey, using your example... you wouldn't be able to deduct anything unless it is OVER $3,000 and then ONLY the amount that is over $3,000? Just trying to wrap my head around it. Jeesh!
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