C. Business tax deductions fit into specific reporting. The lifeguards also sued the state of California for its role in enforcing the unconstitutional dues deductions. For example, if you earn $100,000 this year and have $5,000 in tax deductions. For example, in 2009 the standard deduction amount for a married couple filing jointly was $11,400. But there's still training to be done. tax deductions for lifeguards Meals and Travel. Medical costs. Since having excellent swimming abilities is the main prerequisite for a lifeguard, working on this skill can help you succeed. You can claim a deduction for protective clothing or items that have features or functions to protect you from specific risks of injury or illness at work. Twelve of those would equal a $1,284 deduction. Tax Deduction. This article provides an overview of the tax deductions for lifeguards in Australia. The basic standard deduction is based on filing status. The Income Tax Act, 58 of 1962 (Income Tax Act), sets out rigid requirements that must be met before. com. For your work clothes to qualify as a tax deduction, they have to be actively unsuitable for everyday wear. lifeguard, Daniel Douglas, made $510,283. Right. One of the doors will guide you to freedom and behind the other is a hangman–you don't know which is which, but the guards do know. But a doctor or nurse isn’t going to wear their scrubs on a night out. Find your job in the dropdown above, and we’ll show you the write-offs you can claim at tax time. If the amount is over $300, you’ll need to depreciate the cost over a number of years set by the ATO. The standard deduction allowed for Jason, age 16. Some common tax deductions that professional athletes can claim include: Motor vehicle expenses. items that cost over then $300 or form part of a set, you can claim a deduction for their decline in value. The standard deduction for 2020 is $12,400 for individuals and $24,800 for married people filing jointly, up from $12,200 and $24,400, respectively,. Reservists’ travel deduction: Members of. For 2023, it's been raised to $0. You don't know which one is the truth-teller or the liar either. Using our guides. For details on these fast filing methods, see your income tax package. Tax Deductions. There may be deductions available for business animals if the animal lives at the. This cost $17,787 and is claimable at 2. 2. If you earn $182,100 or less as a single filer (or $364,200 as a joint filer) in 2023, you may qualify for a 20% deduction on your taxable business income via the QBI, or qualified business income deduction. Below, are the five most common pet tax deductions you may be eligible to claim in 2023 for the 2022 tax year. In each case, assume that the taxpayer is claimed as another person's dependent. Interactive Brokers . 5 percent is permanent. Travel expenses. $4,700 (earned income) + $350. Regular method: An amount based on your expenses and the percentage of your home that you dedicate to business use. What is the T2200 tax form used for? As a full-time salaried employee, you’ll use Form T2200, “Declaration of Conditions of Employment” to deduct work-related expenses (including home office expenses) from your income tax return. basic swimming skills. Professional memberships and accreditations. Read out top tax deductions for Security Guards. floating. Jason, age 16, has income as follows: $675 interest on a bank savings account and $800 for painting a. Tax Deduction Worksheet . Mia pays alimony to Bill. Sandra gives cash to her church. You can also claim the cost of repairing and insuring tools and equipment if need be. Add. Dafashy for medical services rendered. 22 = $220,000 tax withholding on first million. Deductions. ) The taxpayer must furnish more than half the cost of maintaining the household, b. The stand-ard deduction for taxpayers who don't itemize their deductions on Schedule A of Form 1040 or 1040-SR is higher for 2020 than it was for 2019. The IRS applies the tax. IR-2023-156, Aug. ” 3. Fees paid to a registered tax agent (like H&R Block) for preparation of your return, amendments and generally handling your tax matters are all deductible. The $25,000 hazard pay proposal calls for essential workers to be paid a $13 an hour hazard pay bonus until they receive “up to” $25,000 total in hazard pay. $19,400 for heads of household. Age 41 to 50: $850. Similar to 2022, cash contributions in 2023 can make up 60% of your AGI. The 2020 return (Line 18) is the first year this deduction may be claimed. Her itemized deductions for 2018 were $400. Tax deductions: Tax deductions not guaranteed due to being subject to user data entry errors. Even though filing isn’t required for the person who earned less than $12,200, it. Fact Sheet #17J: First Responders and the Part 541 Exemptions Under the Fair Labor Standards Act (FLSA) Revised September 2019. Before you earn your lifeguard certification, determine what type of lifeguard you want to be. To claim a deduction for work-related expenses, you must meet the 3. So if you made $50,000 of taxable income in 2022 but you qualify for $3,000 in tax deductions, the IRS will only tax $47,000 of your income. The deduction will increase to 10 percent in 2019. Extension deadline: October 15, 2024, is the deadline if you request an extension (October. If you're a freelancer, don't miss out on these important business deductions that may. Here’s the rub: Partners cannot deduct expenses if they could have turned them into their firms and been reimbursed. To determine Sara’s provincial tax deductions, use the weekly provincial tax deduction table. A standard deduction is a simpler, easier-to-use alternative to itemized deductions, in which you calculate and list specific expenses, such as mortgage interest, medical expenses, or charitable. Deduction for overnight travel expenses of National Guard and Reserve members. This makes it an Above Average Salary. What is George's taxable income for 2019?, In 2019,. Credits can reduce the amount of tax you owe or increase your tax refund. The Standard Deduction and Personal Exemptions. 10. This rate is adjusted for inflation each year. Cash contributions carried forward from prior years do not. Summ. You can claim the standard deduction, which is a fixed amount based on your filing status. Here's how to enter job-related expenses in. Study with Quizlet and memorize flashcards containing terms like Sam and Abby are dependents of their parents, and each has income of $7,620 for the year. So if you made $50,000 of taxable income in 2022 but you qualify for $3,000 in. R. Lifeguard [Intro Paragraph] The highest performing job listings include a short paragraph introducing prospective lifeguards to your beach or facility. 1. The standard deduction for Johnny is the greater of $1,150 or $400 + the total earned income (up to $13,850). Rule #5: Married couples can’t give separate gifts to the same client. Regarding the Medical and Dental Expense Deduction, you may only deduct the portion of medical and dental expenses that exceed 7. These are the standard deduction amounts for tax year 2022: Married couples filing jointly: $25,900, an $800 increase from 2021. 50. That means that 2% of your AGI (Adjusted Gross Income) is subtracted from your total miscellaneous itemized deductions. If your employer pays your premiums, those amounts could be deductible for. ) The taxpayer must file a separate tax return from the spouse. Taxes. Smoking cessation programs, nicotine patches, stop-smoking aids, etc. Lifeguards are trained in swimming and. If your filing status is Single, the standard deduction in 2018 is $12,000. Sometimes, even with qualified. $19,400 for heads of household. You can only take this $5,000 deduction if your total startup costs are $50,000 or less. 5% of your adjusted gross income (AGI). The tax filing process may be challenging for the security guards, but we are here for your rescue. The exception is for those who qualify for the so-called kiddie tax — a rule that requires some taxes on investments owned by individuals under 19. Tip #2. The average certified lifeguard age is 25 years old. Reducing your AGI lowers the amount of tax money you owe the IRS. Line 21900 – Moving expenses Find out if you can claim a deduction for moving expenses paid to study in a post-secondary program, and how to calculate and claim them. FAQ. 12. The greater of their earned income ($500) plus the added $350 or the standard deduction $1,000. The law tweaked and even eliminated many itemized deductions, and subsequent legislation has made some additional changes as well. Head of household: $19,400. Making the most of all your available tax deductions can save you hundreds—even thousands—of dollars at tax time. The Servicemembers Group Life Insurance program provides low-cost life insurance to military members. Credit for excess Social Security and RRTA tax withheld. A person who has an income of less than $12,400 — the standard deduction for 2020 — doesn’t usually have to file a federal tax return. Pregnancy Tests. You can find more information about clothing expense, include laundry and dry-cleaning in the clothing expense section in our guide. $4,005; Third Year. Personal aquatic survival skills include: sculling. This report focuses on the standard treatment of tax deductions for individuals under the individual income tax code. For details of the Tax deductions that you can claim in the following industries click to go to the relevant page. In each case, assume that the taxpayer is claimed as another person's dependent. This includes expenses such as swimwear, hats, sunglasses, sunscreen, first aid kits,. Generally, these are the costs of doing business. treading water. However, the standard deduction for single filers who are blind is $14,050, which equals an increase of $1,650. Account Minimum $0 Fee $0. You use a Schedule A, Itemized Deductions, to claim the deductions as a miscellaneous deduction limited by 2% of your adjusted gross income. If you're married, filing jointly or separately, the extra standard deduction amount is $1,500 per qualifying individual. Determine the amount of the standard deduction allowed for 2022 in the following independent situations. For the 2017 and 2018 tax years, qualified medical expenses that are more than 7. It's actually part of the Consolidated Appropriations Act of 2021, which bundled together a number of COVID relief measures. For the most part, employers are supposed to withhold 6. This includes: Disposable or reusable gloves; Disposable or reusable face masks If you receive a very large bonus—over $1 million—you'll likely have 22% federal tax withheld on the first million, then 37% on the amount of the bonus above the first million. Itemized deductions allow you to deduct several types of qualified expenses. According to TurboTax, medical expenses are only deductible to the extent that they exceed 7. 0 Act of 2022 to disallow a federal income tax deduction for a qualified conservation contribution made by a partnership or an S corporation after December 29, 2022, if the amount of the contribution exceeds 2. If you are a resident or do business in California. First Year. However, if you claim over $300 you need proper substantiation for all of the amount including the first $300. Relationship tests. The amount depends on your filing status. A nationwide shortage of lifeguards has water parks, camps and municipalities scrambling to hire thousands to staff swimming pools, lakes and beaches. The U. Margin loan rates from 5. tax code provides a tax deduction for certain work-related training and education expenses. Everyone’s calling this the “three-martini lunch” tax break. A deduction for other payroll taxes paid by the employer on the employee's behalf would need to be authorized in writing by the employee. Deductions you can and can't claim for expenses you incur to earn your income or performing your work. A tax deduction decreases your taxable income, whereas a tax credit lowers the amount of. Protective eyewear includes prescription sunglasses, photochromatic and anti-glare glasses. Many older taxpayers may find that their standard deduction plus the. Details on claiming common guard and security employee expenses for: Parking fees and tolls. Treasury Department and IRS today released for publication in the Federal Register proposed regulations concerning the statutory disallowance rule. For tax year 2018 and following, the amount that is excluded from the taxpayer's income is entered directly in the tax program on the 1099-R entry window in Box j - Public Safety Officer. b. 1. Startup costs. The Tax Cuts and Jobs Act (TCJA) made a lot of changes to the tax code when it went into effect in 2018. Expert Answer. 535 per mile, that adds up to a $107 deduction for each drill weekend. 655. If you claim a deduction of more than $500,000 for a donation of property, you must attach the appraisal. When filing your taxes, a tax deduction reduces your adjusted gross income (AGI) by the dollar amount of the deduction. The occupation of lifeguard,as per 29 C. Lifeguards must work as a team to calmly and efficiently manage potential crisis situations and help ensure the safety of all visitors. The COVID-19 outbreak has placed greater focus on the importance of PPE for frontline health workers and anyone working in a job that requires close human contact, and all occupation specific clothing or equipment required for these roles is eligible as tax deductions. 2% of your income for Social Security tax, but that only applies to income up to $147,000, meaning the maximum Social Security tax you could pay in 2021 is $9,114. b. 34(l), encompasses the duties of rescuing swimmers in danger of drowning, the monitoring of activities at a swimming pool to prevent accidents, the teaching of water safety, and providing assistance to patrons. 5% of your Adjusted Gross Income. In 2021, the standard deduction looks like this: $12,550 for single tax filers and married couples filing separately. Dependent care benefits are reported on Form 2441, line 12. To access this from the Main Menu of the Tax Return (Form 1040) select: Income MenuYou can claim a deduction for protective clothing or items that have features or functions to protect you from specific risks of injury or illness at work. $284,500 b. Credits. The standard deduction amounts for tax year 2021 are: Single filers: $12,550; Married filing jointly and surviving spouses: $25,100; Married filing separately: $12,550; Head of household: $18,800; Tax deductions are different from tax credits. 90 + $68. techniques for clothed swimming survival. While tax deductions lower your taxable income, tax credits cut your taxes dollar for dollar. Here are eight ways you can claim a tax deduction or tax credit for home improvements: Energy-Efficient Improvements: The federal government offers tax credits for specific energy-efficient home improvements, such as the installation of energy-efficient windows, doors, roofing, insulation, and certain heating and cooling equipment. Every service member is automatically signed up for the maximum amount of SGLI coverage but can elect a lower. 45% of your taxable military pays. d. Multiplying this by 7. The amount depends on your filing status. Thankfully, the employer portion of this tax (50%) is tax-deductible, meaning that you’ll ultimately recoup 50% of this expense thanks to the. Rule #2: Gifts to clients must be under $25 per person, per year. They’ll expire in 2025 unless Congress moves to keep some or. The reduced rate applies only if your service materially affects your ability to pay and applies. You need internet to do your job! Keep reading for a comprehensive list of write-offs that most security workers can claim to save money on their taxes. For 2023, they’ll get the regular standard deduction of $27,700 for a married couple filing jointly. Certain credits may give you a refund even if. , T/F -- Certain taxpayers are not allowed to claim any standard deduction, and the standard deduction is limited for others. The organization that received the property must complete and sign Part V of Section B, Form 8283. This rate is adjusted for inflation each year. To apply to be a DCR lifeguard visit the agency’s website . If you are legally blind, you are entitled to claim a higher standard deduction on your tax return. Standard deduction increased. Your Comcast bill is a tax write-off. They also both get an additional standard deduction amount of. – Purchasing protective clothing and. Amount of the Standard Deduction X a. California State Tax 2022-2023. A corporation may deduct qualified contributions of up to 25. WASHINGTON — The Treasury Department and Internal Revenue Service today issued proposed regulations related to the increased tax credit or deduction amounts for clean energy facilities and projects if taxpayers satisfy certain prevailing wage and registered apprenticeship (PWA) requirements. The standard deduction for taxpayers who don't itemize their deductions on Schedule A (Form 1040) is higher for 2022 than it was for 2021. This means that you have to pay 6. 13. 5. You can deduct contributions for flood relief, hurricane relief, or other disasterFor tax year 2022 (what you file in early 2023), the standard deduction is $12,950 for single filers, $25,900 for joint filers and $19,400 for heads of household. The 10 Best Freelancer Tax Deductions. To make the pool user friendly, we had a timber deck built around it. Tip #3. Some are offering free training, which takes 25 to 40 hours. When filing your taxes, a tax deduction reduces your adjusted gross income (AGI) by the dollar amount of the deduction. The standard deduction is the sum of two components: the basic standard deduction and the additional standard deduction. Mileage: Keep track of all your business-related trips. A standard deduction is a simpler, easier-to-use alternative to itemized deductions, in which you calculate and list specific expenses, such as mortgage interest, medical expenses, or charitable. a. S. For example, if your AGI is $50,000, you can deduct medical expenses in excess of $3,750. Small business owners may take a startup cost deduction of up to $5,000 in startup costs in their first year of business. Tax Return for Seniors, was introduced in 2019. This is a nice deduction, but if you own a home, make contributions to a retirement account, or made charitable contributions the. We welcome the chance to help you find the right PPE items to keep your lifeguards safer in and out of the water. For 2022, the maximum amount that can be excluded from an employee’s income through a dependent care assistance program is $5,000 ($2,500 if married filing separately). This lowers the amount of money you pay taxes on and reduces your tax bill. . Sure, they look comfy. a. 1. 655. So if you make $10,000, you’ll need to pay $1,530 in self-employment tax. 5% of your adjusted gross income. This is the item on our list of surprising tax deductions that could apply to the most people. ITP The Income Tax Professionals have helped Australian Individuals and Businesses for 50 years with their tax affairs. This would add another $444. , T/F -- Taxpayers are. The IRS only considers certain kinds of income, known as taxable income. Tax Focus is a Registered Tax Agent and Certified Public Chartered Accountant. Check our list below for the tax deductions you are allowed to claim. 1,50,000 12 is the aggregate of the deduction that may be claimed under sections 80C, 80CCC and 80CCD. ☀️ Sunscreen & protection Write it off using: Schedule C, Box 27a You can write off items you use for sun protection on the job, like specialized hats and sunscreen. Charitable contributions must be claimed as itemized deductions on Schedule A of IRS Form 1040. Deductions can reduce the amount of your income before you calculate the tax you owe. So if you made $50,000 of taxable income in 2022 but you qualify for $3,000 in. Determine the amount of the standard deduction allowed for 2020 in the following independent situations. As such, the following are beyond the scope of this report: the different treatment of deductions under the alternative minimum tax for individuals,1 tax deductions for businesses under the individual income tax code,2 andUnder the plan, the county will use tourist development tax money to pay 20% of the staff cost of the lifeguards, or $709,654 a year. If you work as a security guard, some of the tax deductions you may be able to claim on. 175, RSMo Provides a deduction for the military income earned as a member of the Inactive duty components of: This deduction may be claimed on the Military Income Deduction line of the Missouri Individual Income Tax Return (Form MO-1040). Regularly treat the pool with the correct amount of chemicals. Mattie, age 18, has income as follows: $600 cash dividends from investing in stock and $4,700 from working as a lifeguard at a local pool. Classify each of the following expenditures as a deduction FOR AGI, a deduction FROM AGI, or not deductible. S. A tax deduction reduces your adjusted gross income or AGI and thus your taxable income on your tax return. Sam's standard deduction for the year is $1,100, and Abby's is $7,970. Other employers are raising hourly pay to $10 to $30. b. Mileage: Keep track of all your business-related trips. ) The deduction for your $5,000 carryover is subject to the special 30% limit for contributions of capital gain property. In each case, assume that the taxpayer is claimed as. A 100% deduction is allowed for certain business meals paid or incurred after 2020 and before 2023. items that cost over then $300 or form part of a set, you can claim a deduction for their decline in value. F. . ) The taxpayer must file a separate tax return from the spouse. For example, if your total medical expenses for diabetes and other health-related issues cost $3,800, you can claim a $50. Business equipment and supplies. You need internet to do your job! If you work as an independent contractor, you can write off any everyday business purchases you make to help you keep a watchful eye on swimmers. This is a newer self-employment deduction. Closely monitoring activities related to the pool area, identifying any safety issues throughout shift. The 10 Best Freelancer Tax Deductions - NerdWallet. The city of Houston is offering new lifeguards a $500 bonus. Publication 5137 (Rev. Based on the latest jobs data nationwide, Lifeguard's can make an average annual salary of $21,930, or $11 per hour. If you have $50,000 or less in startup costs and are in your first year of business, the IRS allows you to deduct $5,000 in startup costs and $5,000 in organization costs as a tax deduction. Determine the amount of the standard deduction allowed for 2021 in the following independent situations. With this, the maximum amount you can pay to a social security is $8,853. Commissioner - Exotic dancer Chesty Love challenged the IRS in Tax court and won. The COVID-19 outbreak has placed greater focus on the importance of PPE for frontline health workers and anyone working in a job that requires close human contact, and all occupation specific clothing or equipment required for these roles is eligible as tax deductions. This article is for general information only. Simplified method: $5 per square foot, up to 300 square feet. For 2022, that’s $0. A tax deduction isn’t as simple. 1. In addition, Loretta wins a rescue contest and receives a municipal bond worth $550. Publication 502 explains the itemized deduction for medical/dental expenses claimed on Schedule A (Form 1040), and the health coverage tax credit claimed on Form 8885. They are trained to understand water safety and ensure safe practices are adhered to by enforcing rules. If you are employed, you must itemize deductions on. Kingsley v. That shakes out to tax savings. A lifeguard is a rescuer who supervises the safety and rescue of swimmers, surfers, and other water sports participants such as in a swimming pool, water park, beach, spa, river and lake. 🤡 A rodeo clown can deduct their. The cost of luggage and bags used to transport gear for interstate and international games. Question: Determine the amount of the standard deduction allowed for 2023 in the following independent situations. Amount of the Standard Deduction C. Form 1040-SR, U. To make the pool user friendly, we had a timber deck built around it. Likewise, if the company. First Year. For tax year 2021, the flat rate is $12,550 for single filers and those married filing separately. 69 million will come from the county's general. 2. Because their income is the same, what causes the difference in the amount of the standard deduction?, Compute the. So if your S corporation made $20,000 and you own 40 percent of it, your share of the income would be $8,000 . The size of your tax deduction depends on your premium, your taxable income and the rate of tax you pay. Special rules may lower the tax they owe or allow them more time to file and pay their. Only the remaining amount is deductible. That means an owner of a C-Corporation, S-Corporation, P. Regarding the Medical and Dental Expense Deduction, you may only deduct the portion of medical and dental expenses that exceed 7. 2021 Standard deduction allowed =$4,700 + $350 =$5,050 Therefore the amount of the standard deduction allowed for 2021 for Mattie will be $5,050. Here are some common above-the-line deductions to know: IRA deduction. A handbag you purchase specifically for work related purposes is just one of the items on our list of surprising tax deductions you might be able to claim. $182,950 For each of the following cases, indicate the filing status for the taxpayers) for 2010 using the following legend: A - Single B - Married, filing a joint C - Married, filing separate returns D - Head of household E - Qualifying widow(er) a. She earns $5,000 as a lifeguard during the summer. 1. These can significantly reduce your taxable income, leaving more money in your pocket at the end of the day. Some of the most commonly overlooked deductions involve working from home expenses, depreciation and self education. com. The standard deduction for married couples filing jointly for tax year 2023 rises to $27,700 up $1,800 from the prior year. In its quest for some 800 lifeguards, head lifeguards, supervisors and managers, the state has increased its salary scale for workers at its 24 pools, 30 waterfronts and two wading pools, paying. Generally, these. The standard deduction for 2023 has been increased for all filers and is: Single or Married Filing Separately—$13,850, up $900 from 2022. Her parents provide over one-half of her support and claim her as a dependent on their tax return. Curtis, age 18, has income as follows: $700 interest from a certificate of deposit and $12,600Tax deduction savings. For example, they don't have to pay taxes on some types of income. Compute Megan's 2014 exemption deduction if her AGI is: a. This means it is limited to the smaller of: $7,200 (your 30% limit), or. In addition, you can only deduct unreimbursed medical expenses that exceed 7. Lifeguards may also help to maintain order and cleanliness in the pool and pool. A job description for a Lifeguard may contain the following duties and responsibilities: Opening and closing the pool each day according to scheduled hours. Medicare taxes are 1. Mileage calculation provided by the Australia Taxation Office - 78 cents per kilometre from 1 July 2022 for the 2022-2023 income year. The EO does not generally have to withhold or pay any taxes on payments to independent contractors. Deduction over $5,000. 07:49. Here are six steps you can take to earn your lifeguard certification: 1. For the most part, employers are supposed to withhold 6. Tip #2. a. Sunglasses, sunhats and sunscreen. Sara’s total tax deduction is $163. 22200. The U. 19. Write it off using: Schedule C, Box 25. If you are married filing a joint return, the standard deduction is $24,000. Many older taxpayers may find that their standard deduction plus the. Standard deduction increased. Personal aquatic survival skills include: sculling. The Security Agency who is the trustee of the funds segregated and earmarked as salaries of the security guards is the withholding agent for purposes of the withholding tax on compensation income. In 2011, Jill had $7,400 of income, which consisted of $6,000 in wages earned during the summer as a lifeguard, and $1,400 interest on a savings account. Since these amounts are considered an expense for medical care, these amounts can also be paid or reimbursed under a health. 83% to. Taylor's standard deduction for 2020 is $5,550. Moving expense deduction: Moving costs can be deducted using Form 3903. Making the most of all your available tax deductions can save you hundreds—even thousands—of dollars at tax time. “We have raised wages at all. Credit for the elderly or disabled. Total tax Deductions on our Pool. Individuals may deduct qualified contributions of up to 100 percent of their adjusted gross income. This includes: Disposable or reusable gloves; Disposable or reusable face. The limit for appreciated assets in 2022 and. $18,800 for heads of household. for example, infection from COVID-19 or other transmissible diseases (such as hand sanitiser, sneeze or cough guards, face masks, gloves, other personal protective equipment. Let’s look at an example. Follow our easy steps to avail enormous tax deductions. Get the Penny Hoarder Daily. Similar to 2022, cash contributions in 2023 can make up 60% of your AGI. 00:00. If you're filing single or head of household, the increase is $1,850. Brett's standard deduction for the year is $1,100, and Abby's is $2,450. 585 for the first half of the year, and $0. All costs related to the marketing and promotion of your business are deductible. Qualified, unreimbursed medical expenses above 7. There’s a nationwide shortage of certified lifeguards to protect pools, beaches and water parks. Taylor's taxable income for 2020 is $1,210. Mattie, age 18, has income as follows: $600 cash dividends from investing in stock and $4,700 from working as a lifeguard at a local pool. Working with children check. A tax deduction—or tax write-off —refers to any business deduction the IRS allows to lower your taxable income. The standard deduction allowed for Curtis, age 18, is $1,100. AARP successfully fought to keep the deduction threshold from rising to 10 percent, and now the 7.