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Sorry, man, didn't mean to step on your toes. I think we were typing at roughly the same time! Also, all apologies to any other tax experts out there, I'm more of a corporate guy, but I've worked for some family-run businesses that had some overlap between corp and individual.

Bumps up to $16K in three weeks. You can usually circumvent it by doing the old "half is from me, half is from my wife" routine. More likely that he is making a large charitable contribution to the school, so then he can deduct on his 1040.