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<blockquote data-quote="Ms.PacMan" data-source="post: 668564" data-attributes="member: 4656"><p>I am looking forward to the extra $500 deduction for homeowners who take the standard deduction (schedule L) and the *double credit because my son goes to college in a Midwest flood affected county.</p><p></p><p>*AGI below $48,000 - max $4,000 using the Lifetime Learning credit (IRS Pub. 970)</p><p></p><p>Should end up paying only $600 in Federal income tax this year!</p></blockquote><p></p>
[QUOTE="Ms.PacMan, post: 668564, member: 4656"] I am looking forward to the extra $500 deduction for homeowners who take the standard deduction (schedule L) and the *double credit because my son goes to college in a Midwest flood affected county. *AGI below $48,000 - max $4,000 using the Lifetime Learning credit (IRS Pub. 970) Should end up paying only $600 in Federal income tax this year! [/QUOTE]
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