For those primarily interested in cutting calories from carbohydrates, a 1,200-calorie diet with 45% of calories from carbohydrates would provide 135 grams of carbohydrates, thus meeting the RDA of 130 grams.
The traditional Individual Retirement Account (IRA) contribution and deduction limit is $5,500 for 2014. If you are at least age 50 or older before the end of 2014, the limits are increased to $6,500. If both you and your spouse are covered by a retirement plan, your IRA deduction will be phased-out if you make more than $96,000 on a joint tax return in 2014. If you make $116,000 or more on a joint tax return, you receive no IRA deduction.
How Much of the Expenses Can You Deduct? You can deduct on Schedule A (Form 1040) only the amount of your medical and dental ex-penses that is more than 7.5% of your AGI (Form 1040, line 38).In this chapter, the term â7.5% limitâ is used to refer to 7.5% of your AGI. The phrase âsub-ject to the 7.5% limitâ is also used.