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Path: utzoo!linus!decvax!ittvax!dcdwest!sdcsvax!sdcrdcf!hplabs!hp-pcd!bruce
From: bruce@hp-pcd.UUCP (bruce)
Newsgroups: net.invest
Subject: Re: "Deductions for tax refunds"
Message-ID: <8700008@hp-pcd.UUCP>
Date: Tue, 9-Oct-84 13:11:00 EDT
Article-I.D.: hp-pcd.8700008
Posted: Tue Oct  9 13:11:00 1984
Date-Received: Thu, 4-Oct-84 08:16:48 EDT
References: <327@hou2g.UUCP>
Organization: Hewlett-Packard - Corvallis, OR
Lines: 17
Nf-ID: #R:hou2g:-32700:hpcvrb:8700008:000:626
Nf-From: hpcvrb!bruce    Oct  1 09:11:00 1984

<----->

Just in case 50 other people haven't responded to your note I'll
tell you how I figure out how many exemptions to claim.  

I take the amount that I am going to be able to itemize and add
the amount that I put in an IRA then subtract $2000 because it is
figured into the tax tables already.  Take this number and divide
by 1000 to get the proper number of exemptions.

This is based on the fact that $1000 is allowed for each dependent
and this subtracted from the gross income in the same place as
your itemized deductions are.  It may not be exact but it's close
enough.

-- Bruce Stephens
   (hplabs!hp-pcd!bruce)