Location: Westland, Michigan, United States

Graduate of Walsh Institute Of Accountancy (Now Walsh College) Michigan in 1959. Retired in 1987, but still active in the profession **World War II Veteran (Pacific) **PHONE 734-261-1979 **E-MAIL **(Domain Name CPASENSE Registered) **Mentioned in the Journal of Accountancy, SmartPros, Tax Prof Blog, CPA2BIZ, CPA Journal, AccountingWEB, CPATrendlines & More **Search Accounting Blogs: (Includes cpasense)**TOPICS - FINANCE - FEDERAL & MICHIGAN TAXES ** Making Sense Of Your Finance & Taxes

Tuesday, April 03, 2007

Giving Up Tax Breaks: A Smart Move?

When you’re doing your taxes, sometimes it makes sense to give up even the most popular tax breaks, explains Andrea Coombes on

A senior tax analyst she spoke with says that “sometimes using an alternative approach can give you tax savings.”

Coombes offers seven situations where giving up a tax perk may save you money. For example, some higher-income parents may be better off not claiming personal exemptions for their college-age student. That’s because the student may be eligible for certain tuition credits. And in some cases, married couples may be better off filing separately. Read the full story here.


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