My hubby is in school so we need to get the taxes done and fill out the FAFSA as quickly as possible. I am awaiting one W-2 as well as the forms from DH's school telling us how much we paid last year in tuition & fees.
I have been playing with the numbers and it looks like we made a lot more than we ever have before - which is great! 2008 was my first full year as a hygienist so that is the reason we did so well, but I am worried now that we may not be awarded as much as we need for DH's school for the '09-10 school year. That is why I am looking for ways to lower our AGI.
I thought if I put in a bunch to my Roth IRA that it would reduce our AGI but when I try that in our tax software it does not change anything. I was sure that would work so now I am not sure how to proceed.
We do not own a home so no mortgage stuff for us. We do have a child but she is school-aged so no child care expenses. Do you happen to know another way to reduce our AGI?
Reducing AGI - any ideas?
January 29th, 2009 at 03:43 am