 If you have garnishments does that mean your tax refund will be taken? |
If you have garnishments placed on your check which are taken out twice monthly, does that mean when income tax time runs around that they will also take your refund?
Additional Details
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 Is there any coupons regarding TurboTax Federal & Software..........? |
Is there any coupons regarding for tax & Software..........
that i can use........ |
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 I received a 1099 after filing my taxes. Can I pay taxes on the 1099 seperately from my return? |
| The 1099 came from consulting work I done on the side. It was about $5,000, which was substancially more than I remembered, but it's correct. I would rather just send a check for the percentage ... |
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 Would married couples get two 600 rebates? |
| I am married and i was wondering if my Husband and I would get two 600 tax rebates if we filed taxes as married. Would we get one 600 check for each of us or just one?Would we both get the check if ... |
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 Should I pay taxes if I am a full-time student working part-time from home? |
Hi,
I am now a full-time postgraduate student, I was working during the summer and my employer was paying my NI and taxes.
Now the university is paying me a scholarship that ... |
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 Why don't they increase taxes on beer like they do on cigarettes? |
I’m not a smoker or anything, but I feel that they reasons they give for raising taxes on cigarettes would work on beer.
Examples:
It would stop kids from developing bad habits.<... |
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 Can you write off online casino/gambling losses on your taxes? |
| a friend of mine asked me this question and I admit I dont know - I know you can write off legal losses like from vegas and stuff - and Im sure the tax man wants to you report any winnings from any ... |
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 About bush and his stimulus my girlfriend and I were sitting here estimating our tax refund ? |
| and how much we would get back this year. and she noticed that they ask how much did you get back for the stimulus last year. and she put in how much she did then she found out how much she would get,... |
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 How much will it cost me to hire someone to do my taxes? |
| I would lke to get my taxes done professionally because I worked in 2 states this year (I had no idea if that would complicate them). The past 2 years I had them done at work for free by a coworker, ... |
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 If my ex husband hasn't paid child support since March of 2007 does he still get to claim her on his taxes? |
| He hasn't paid since March of 2007, but in my divorce decree it says he gets to claim her, but the IRS says whoever pays 51% of her support gets to claim her? Which one do I have to go by? If ... |
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 I lived in Indiana until December 1st, 2006 then moved to Maryland. Where do I file state taxes? Both states?? |
| I worked in Maryland the last 3 weeks of December and live there now. I included a W2 from Maryland in my Federal Taxes.... |
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 I am self employed and have my unique tax ref number. Can i raise an invoice with VAT displayed on it? |
| I was asked for a VAT No by the company I recently did the job for but when i told them i only have Unique tax reference No rather than VAT Reg No, i was told i need to re-write an invoice and musn�... |
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 The company I used to work for is withholding my w2, is that legal? |
| I called my former employer to ask about my W2 and to make sure that they had the correct address to send it to. The person I spoke to told me that the company was withholding my W2 because I owe $40... |
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Surjit T | Are mortgage points deductible in the yr of pmt or do I spread them over life of loan? |
I am a 1st time home buyer and am in a high tax bracket (33%). I am considering whether I should accept points and buy down the rate and claim all the points (approx $11,000) in the current year when I file my returns next year? This is not a refinance mortgage. |
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ninasgramma
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Yes, you are allowed to deduct the points in full in the year you purchase your home. You can also amortize the points over the life of the loan, the choice is yours.
It may be smart to buy down the rate, but if you remain in the same tax bracket over the life of your loan, the additional interest payments you can deduct if you do not buy down the rate should also be considered. If you buy down the interest rate, you will have less interest to deduct in the future. |
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Tom S
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On a purchase, the points are deductible in the year of the purchase. On a refinance, the points are deductible over the life of the loan. |
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Judy1
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On a new purchase, points are usually deductible in the year paid. There is a list of rules you must meet to deduct them in the year paid. On a refinance, you have to spread the deduction of the points out over the life of the loan. |
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bostonianinmo
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Tom S has given you an exactly correct answer. Give him the 10 points! |
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jaretr72
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Points are deductible in full on a new purchase and are generally amortized over the life of the loan on a refinance. If you use the funds from the refinance to improve the home, you can deduct them rather than amortizing them. Most often, people are simply refinancing for a lower rate or using the cash to payoff debt, etc. In that case, you must amortize. |
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Abby P
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a quick web search came up with lots of results but this is the best one i could find for you. |
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ms.chacha
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do it claim it on the current yr..its very beneficial to you..you will have the mortgage interest and taxes to write off in the future.. |
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Casey J
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You spread them over several years - usually three. |
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