| Do you want tax deduction information? This category is your resource for helpful tax deduction infomation. The Editors of this tax deduction site collect frequently tax deduction questions and tax deduction tips for your searching and browsing. Hope you can find useful advice what you want.Happy surfing! |
| tax deduction |
| What is the tax deduction percentage for professional organization dues? |
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If you are taking the deduction on your schedule A you would list the full value of the dues. However it would be a miscellaneous deduction...... |
| Lottery Ticket Tax Deduction? |
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You can only deduct the losses up to the amount of your winnings. In the above situation you mentioned, you'd have to declare $5,000 wor...... |
| Do you think it is hypocritical of you to believe in paying more income tax yet take all deductions avaliable? |
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Yes, but not only that, there is nothing that prevents people from donating more of their income to the government if they feel they are not...... |
| Since Democrats support big government & higher taxes, should we eliminate their tax exemptions & deductions? |
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I find it interesting that you didn't say what political party you were associated with but all of the responses assumed that you were a...... |
| Question about tax deductions for sigle wide and land owner? |
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If the loan is in their name, and you are actually paying the mortgage, then they don't legally even get a deduction for it. You are on...... |
| Does your family get a tax deduction if you donate your body to science? |
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I doubt it - Ithink they already know about the stuff thats going to kill me and I don't have any mutant characteristics. They'll pr...... |
| Would anti-abortinists give tax deductions for a fetus? |
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1,2 and 4 are not feasible since there are many times when a fetus dies naturally before being born. A social security card cannot be issue...... |
| Can plastic or cosmetic surgery be deducted as a standard medical tax deduction? |
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Although surgery that is PURELY cosmetic is not tax deductible, any surgery that corrects damage from disease or injury OR corrects a defect...... |
| What means the Goverment deductions incl. tax,CPP, AND EI? |
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Don't worry about these; most workers in Canada see them on their pay stubs. They're all there for good reasons.
The tax deductio...... |
| Tax question. What is the basic difference in dollars between having one child for a deduction or having two? |
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That depends upon her marginal tax rate. The exemption (not deduction) amount for 2007 is $3,300. Multiply that by her marginal rate (coul...... |
| Do I get a tax deduction for getting a hybrid vehcile/SUV/ Saturn Vue? |
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The link below should answer all your questions, it appears the Saturn Vue Hybrid may be eligible for a federal income tax credit of $650. ...... |
| What's the difference between a pre-tax deduction and a tax-deductible expense?What pre-tax ded's are allowed? |
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A pre-tax deduction is money taken out before taxes like health insurance premiums, flexible spending accounts, and 401(k) deductions.
A ...... |
| If the capital gains tax was eliminated wouldn't the interest deduction on home mortgages be eliminated also |
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Boy, are you good. I never associated the two, but you are exactly right. All of us home owners better pay attention to this subject when th...... |
| How do you determine the value of donated clothing/household items for tax deduction purposes? |
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Generally you use a "Thrift Shop value" so the link to the Goodwill Industries listing given above is very helpful.
In additio...... |
| Can I claim my dry cleaning expenses as a tax deduction? |
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Good advice so far . . . however, there is a legal way to deduct the cost of dry cleaning no matter the clothing, but it is very involved...... |
| Can I claim tax deduction for college fees? |
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It depends.
Based on your income and other things, you can get
1. tax credit or
2. tax deduction or
3. nothing
For details check h...... |
| Sales Tax Deduction...Schedule C? |
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On sales tax, whatever you take in gets paid to the state, so it's a wash, with no tax advantages or consequences to you. Do whatever i...... |
| Is tax deduction on depreciation allowed to lessor under sales type lease? |
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The above answer is completely correct. Until the lessee becomes the legal owner of the property they cannot take a depreciation deduction ...... |
| Tax Deductions - Donations to a Non-Profit Agency - What do you do? |
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Write out a list of what you donated and the total worth. Keep it with your Goodwill form.
You'd put deductions on Schedule A of y...... |
| Student Tax deductions?? |
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That depends on your educational situation. Tuition is usually a qualified education expense, and books & supplies are also qualified IF yo...... |
| How do I claim my heath insurance as a deduction on my tax forms? |
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Health insurance is a possible deduction only if you pay the premiums out of pocket. If the premiums are paid through your employer, they a...... |
| Renting out your house at loss - how was your tax deduction? |
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Well, that is a tough one, but once you make the decision, don't look back. I would need more info about yourself, but that is OK., but...... |
| Recreational vehicle purchase for volunteer work tax deduction? |
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The IRS is not going to be pleased about this if you deduct the full purchase of your RV. They will think you're stealing from them.
...... |
| What do I do? My son filed income taxes using myself and younger son as deductions without my permission? |
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even if you do hear from him, you'd be ahead to call the IRS and explain....... |
| What are som deductions that I can file on my taxes? |
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charitable donations, medical expenses, business expenses, child care, education......... |
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