Logic behind single parent asset protection amount

cluelessof3
Tue, 03 Jan 2012 12:52:46 +0000

I would have qualified for the Simplified Needs Test calculation if I did not put money in their 529’s last year. This gave me a state tax refund and disqualifies me from being eligible for a 1040A form for 2011. I itemized last year. Next year the Simplified Needs Test should work as far as I can tell.