 What is "Head of Household"? |
| I am married, my wife stays home (and has all of 2006) with our only child....I think that is the prime example of H.O.H....but I am not sure. How will I benefit and how should I be filling out my W-... |
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 Getting irritated......!!!? |
| ok, so the last 2 numbers of my soc, are 11, and still no stimulus payment. I filed with turbo tax, paid the fees on my credit card, and got direct deposit back in february. Where is my money!!! ... |
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 What happens if a married couple files "head of household"? |
| Well, not both of them, just one.....in order to receive the eic?... |
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 Would I be able to claim my son in my taxes? |
| I am having my baby in January and I was wondering would i be able to get child tax credit for him since he wasn't born this year in 2008 and I'm gonna be filing taxes for 2008 would he ... |
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 I got a new job and im get 1,200 every 2 week i and i want to know? |
wut is the gov't take out for taxes i so i want to know wut i have left from 1,200 i think it 900$
and i live in new york city if that ... |
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 I need to pay the IRS 10,000.00 how can i avoid this.? |
| I'm currently on a situation were 4-5 years ago i tried to apply for a house. the lady that submitted all the paper work. created a false W-2 saying that for a single year i made over 50,000.00 ... |
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 Stimulus check question? |
has anyone got theres yet. i thought they where spose to come out friday. i havent seen mine but national citys online banking sucks.
Additional Details
sorry ya i am independent. and ... |
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 Who should claim the child as dependent? |
Can my wife and I both claim our child as a dependent? If not who should? My wife's income is more than mine.
Additional Details
We live together.
Filing jointly sounds ... |
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 My ex trying to claim my son on his taxes? |
| How do i stop my ex from claiming my son on his taxes, i have a court order that said i get to claim my son, but my ex said he was going to claim my son away.... |
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 Tax help for this year? What if i'm married but haven't been for a full year? |
| I was wondering what was better. Separate or joint filing?? Hears whats happened this year. We bought a car so we are both on the loan. We are renting an apartment currently. i have had 3 jobs but ... |
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 Do you think Medical expenses should be a write off? |
| My father said that anything 4,000 and above is a write off but we both think it would be beneficial to everyone if they made even prescription, routine exams and other small medical related things ... |
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 If i didn't work and i have a child can i file taxes for just the child credit? |
| i didn't work, but i have a 3 year old that no one else is going to claim, can i file and just get the child credit? how much is it?... |
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 What is the average yearly income of a street-corner prostitute? |
| I'm doing a project on prostitution, and I was wondering what the average income is?? Any kind of financial information (average going rate, etc.) would help. Thanks in advance!!... |
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 Why is Medicare being taken out of my paycheck if I dont even use that stuff? |
Can't I opt out or something?
Additional Details
well I wont be elderly for another like 40 years. Can't I just opt out now and start paying it like 30 years from now or ... |
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Nan | Are mechanic's tools tax deductible? |
My husband started working for the City of CC and of course being a heavy equipment mechanic one must have their own tools. He has purchased several items adding up to almost $2,000. We have saved our receipts. Can these be considered tax deductible since they are used for his job?
Additional Info: He is the only employed person in the household, and we usually file Married filing Jointly-. We are homeowners but do not have mortgage payments.
Thanks! |
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Charlie & Angie G
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Yes they are deductible, but it probably won't help you. Tools are an employee business expense that are reported on form 2106 which then carries to Schedule A itemized deductions. Employee business expenses must exceed 2% of you adjusted gross income before they start to count. Add all your itemized deductions up and if it exceeds your standard deduction it will lower your tax.
Since you state you don't have a mortgage and that is most peoples largest itimezed deduction it is unlikely your itimized deductions will be larger than your standard deduction. |
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Wayne Z
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Yes, but you must itemize deductions to deduct them.
Without a mortgage, you may not have enough deductions to itemize. |
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Judy1
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They are eligible itemized deductions, but only can be used if you itemize - if you don't have a mortagage you might not have enough to itemize.
If you do itemize, you can only take the part of the unreimbursed employee expenses (like the tools) that is over 2% of your income. |
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cainers6
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Yes. Also, Your Property taxes, and his uniforms.
Dave
PS, If these deductions are LESS than the automatic deduction, then do not take them.
Dave |
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ninasgramma
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The tools are unreimbursed employee expenses. He would attach Form 2106 to his tax return showing these expenses, and then transfer the amount to Schedule A.
Since you do not have home mortgage interest to deduct, your total itemization may not be more than $10,700. In this case the standard deduction is better for you than using Schedule A.
Keep your receipts however. If in the next few years you do have other expenses to bring you over the threshold to itemize, you may be able to recover part of the cost of the tools by entering them on Form 2106 as depreciable assets. |
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Livefor2day
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heck ya.....we got all our tools deducted... buncha nailguns and saws one year over 3 g's ...
well wait im sorry.. mine were business ded. and that is different... but its still the same i beleive for people that work for the city |
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Aidan
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Absolutely you can! Check out the link below also |
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John B
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yup |
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