If one spouse is not covered
at work by an employer plan, he or she may be able to deduct the full
amount. Taxpayers can contribute $12,000 to an employer's retirement
plan through salary reductions, $14,000 for those age 50 or over. SIMPLE
plan contribution limit is $8,000; $9,000 for those age 50 or over.
- Changes in education
credits.
The nonrefundable lifetime
learning credit for payments made for qualified tuition and related expenses
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Easy button Return it to long suffering taxpayers including those who have paid huge tabs to educate other people's kids…