 Working tax credits in uk,i was overpaid by £800 in the year 2004,now they say i must pay it back,do i have to |
| do i have tp pay it back i thought the government a few years ago waived all overpayments,as it would cause familys hardship,... |
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 Anybody who is schedule to get their paper check May 23rd receive it yet?? |
| My husbands last 2 numbers are 10 and we recieved a letter on Monday stating we should receive our stimulus payment by May 23rd, the irs web site says mailed no later than May 23rd has any one with ... |
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 Stimulus Package Funds:? |
| i would like to know, being that i owe a whole lot of money in taxes to the irs. will i still be eligible to receive the Stimulus Package from the goverment?... |
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 Would my social security? |
| I was just put on social security and my mom is also on it but revieves x amount based on the household income. If I was to live at my college dorm would it still affect my mom's household ... |
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 I inherited land from my late Father. However, he didn't pay taxes owes about $30,000. What do I do? |
| My father passed away in 2006. He didn't pay his taxes from 2003 - 2006 and owes and estimated $30,000. I own the land right now and my mother who is still alive is in a nursing home. My mother ... |
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 Question about taxes? |
| right now i work 60 hours per week and i make 13 dollars per hour. my paycheck is $ 929.50 before taxes and 650.39 after taxes. I am about to get a raise and make 15 per hour. how much taxes will ... |
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 Why do we owe on our federal taxes? |
| We claim 0, filed jointly as married, have no kids, don't own property. We even had extra deducted off of each check. A friend with similar filing staus gets a $1200 refund. What gives?... |
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 Is it too late to turn in your 2005 taxes if you don't owe any money? |
| i know i don't owe any money, but i know i will recieve money from my 2005 taxes, is it too late to send them in...or can i still send them in?... |
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 How much do you pay for a pack of cigarettes in your city? a Carton? |
| I am doing a research paper on the sin tax of cigarettes and would like to compare the prices of cigarettes in my city to those around the U.S./World. So How much do you pay for a Quality Pack of ... |
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 Why do my husband and I owe so much in federal and state taxes? We hardly make any money!? |
| My husband and I both live and work in Kansas. We made a COMBINED $42,658 in 2007. TaxACT says that we owe $1,082 in federal taxes and $319 in state taxes. I don't understand. Would it be better ... |
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 I am married and have 3 kids, what should I claim on my taxes? |
| I'm reading alot of dave ramsey stuff and he says that if you are getting a huge tax refund, you are lending the goverment money tax free. I was thinking about claiming 10, so I would have more ... |
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 Can I claim many W4 allowances, then put extra cash into savings, then after paying taxes, keep the interest? |
| If I keep every cent, I can earn interest on it instead of uncle sam, then I'd still have enough (assuming I had the discipline to not spend it!) to pay everything I owe in April. I'm ... |
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 What is a reasonable mileage allowance to expect per mile? |
I will be travelling about 500 miles per week to work and back and i am going to be paid for this.
Additional Details
This is MOT for business use, only to travel to work and ... |
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 Is everyone getting the tax rebate? |
| my parents don't think they are getting anything ... |
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gunga2c | Are state and local sales taxes deductible? |
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Mr Tax Preparer
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Yes, they are deductible on Schedule A as an itemized deduction. Be careful, though; the 2006 Schedule A form does not include a line for state and local sales tax because Congress almost allowed the deduction to expire (it was extended at the last minute in the "Tax Relief and Health Care Act of 2006").
To claim the deduction, you have to put it on the "State and local income tax" line but enter "ST" on the dotted line to the left of the amount. You can choose to deduct your actual expenses if you saved all of your receipts throughout the year, or you can use a standard amount based on your income. If you choose the standard amount, you can also add in any actual sales tax paid on large purchases such as an automobile, airplane, or construction materials for building or re-modeling your home.
Remember that this is an "either/or" situation; you cannot deduct both your state and local <income> AND <sales> tax. The first IRS link below is a Sales Tax calculator to calculate how much your standard sales tax deduction would be. The second link gives the detailed explanation and instructions of the deduction. Good luck! :-) |
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Wayne Z
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When you itemize deductions, you can choose either deduct your state income taxes or sales tax, but not both. |
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bold4bs
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For Federal purposes, yes, but only as an itemized deduction (Schedule A) ; never as a deduction for state purposes.
If you pay sales tax on an apartment that you "own" as an investment property,
the state and local sales taxes are deductible on Schedule E. |
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Judy1
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If you itemize, yes they are on your schedule A. If you take the standard deduction, then no they aren't. |
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Jo Blo
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Good thing to include on Schedule A if you itemize and if you live in a state that has no income tax. But if you paid state income tax that is usually the better deduction.
If you bought some big ticket item and paid sales tax on it that can be added to total. IE car, boat, motor home,,, |
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regnery
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In general, yes, but there are exceptions. And they are not allowed under the AMT. |
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wrkey
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If you go 'long form' then yes. 'Supposedly' the state and local taxes are 'built into' the short form tax calculations.
If you go long form there is a set standard for state and local taxes but you can 'add to that' any taxes paid on large ticket items.
Hope this helps! |
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H. A
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NO! DON'T WE ALL WISH THEY WERE. ONLY REAL ESTATE, AUTO TAGS AND A FEW OTHER FEES, (THAT ARE REALLY TAXES) ARE DEDUCTABLE. |
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hooty_hey
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I wish.... |
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