 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 ... |
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 I need 50k in one year (after taxes)? |
How do I get this amount of money? Any ideas!
Additional Details
I am willing to work....and open to work but it is important that I have 50k by the end of this year....... |
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 We're married, filing tax return jointly. New this year: daughter has a new job.? |
Do we 1) include her $6000 income and withholdings on our return?, or 2) have her do her own separate return for her $6000 income and withholdings? Is option-2 correct?
Thanks!!... |
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 Does a senior citizen have to claim rent as income that he gets from his daughter if less than $150/month? |
| My uncle wanted me to check this out for him. His daughter is over 30 and living at home and pays 150 a month rent to him. He was on a disability pension before he turned 65 and up til that point ... |
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 Tax and national insurance?? |
| i resigned from my job 6 weeks ago, since then i have been looking for another full time job but have not been succesful yet, i do not want to sign on the dole but do i have to tell the dole office ... |
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 Please tell me if these things are deductible? |
Credit card interest
Auto loan interest (auto was paid for by a home equity loan on residence)
Auto insurance
CPA for preperation of last year's taxes
Safety deposit box for ... |
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 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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msufan1999 | Can I claim tax deductions on vehicle repairs ? |
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nick
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Yes, if you are self-employed & that car was used in your trade.if you are also using it for your personal use(say 30% personal use) then 30% of repair bill won't get relief.However you will be bale to get 70% relief.
If employed then sorry No relief of what so ever.
If you are the director od a company & using this car for personal & business purpose then you get 100% relief.No proportionate alloaction is made for personal & business use |
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Jerry
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It depends, if you use the car for a business then yes.
If the car was a personal car and damaged extensively you may be able to claim a casualty loss on the car.
However to do that you must itemize your deductions, and then you must deduct the loss (cost of repairs) by 100. Then you must further reduce it by 10% of your AGI (income).
It is unlikely that you can deduct these expense but not impossible |
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Yellow Tail
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Yes, if the vehicle is used for your job. |
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vegas_iwish
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Not unless business vehicle - no. |
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smilindave1
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Only if you use it for business purposes. You can claim maintnance, repairs and the cost of fuel. Or, you can claim the milage but you have to keep a log of it for proof. I've found that milage is a much better way to go if you drive a lot. At 47.5 cents a mile it adds up quick. If not for the milage deduction I'd be up a creek without a paddle when tax time comes around. I deduct over 15K miles a year which adds up to a tax savings that's worth over $7,000. |
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swickstrum
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Not unless you use the vehicle for your business, and it was a part of the operation of the business.
Just in case, when you are doing your returns - I use www.taxactonline.com - check for yourself.
I'm 99% sure you can't though for personal use...sorry. |
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Mariposa
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If you use your vehicle for business purposes (to earn your money) than yes. If you don't, then you can't. |
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Stanley S
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not as easily as claiming vehicle repairs on tax deductions:) |
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