Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
- Starting this year, individuals will be able to contribute to charities and take an above the line deduction (no need to itemize) for up to $300. But this is limited to contributions of cash. This appears to be a permanent change to the tax code. I'm still researching (a) whether couples can deduct $600, and (b) whether this deduction is added back when computing AGI for SS or Medicare IRMAA, or for IRA deductibility, or any other purpose.
