12-03-2007, 01:04 AM | #1 |
Demiurge
Join Date: Aug 2005
Posts: 36,368
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calculating Modified adjusted gross income (MAGI)
http://en.wikipedia.org/wiki/Adjusted_Gross_Income
Based on this article, it seems to me that charitable contributions cannot be deducted from your MAGI. (i.e. tithing). What is correct? |
12-04-2007, 01:42 AM | #2 | |
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Join Date: Jan 2006
Location: Clinton Township, MI
Posts: 3,126
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Quote:
this officially answers your questions. From what I gather charitable donations are not included in the MAGI (there might be an exception).
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12-04-2007, 01:51 AM | #3 | |
Demiurge
Join Date: Aug 2005
Posts: 36,368
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So this is what it says:
Quote:
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12-04-2007, 02:09 AM | #4 |
Senior Member
Join Date: Jan 2006
Location: Clinton Township, MI
Posts: 3,126
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i'm not a tax guy but it seems to be correct. find a good tax guy and get this answered definitively for $300
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