 Why in India the Budget never helps a common men? that too Salaried sector? |
Why in India Budget gives "soft" corner to Industralists, Businessmen. Why its always a burden pass on the common community the 'end user' who always suffer in every budget.
I... |
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 How do I report tips when my employer does not deduct taxes from tips from my paycheck? |
| my employer will not allow me to report tips to have taxes deducted from my paycheck. Is this Legal in Pa.? If so, is there a way I can fill out my W-4 form to save me from paying out at the end ... |
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 I don't understand the "Head of Household" option on W-4? |
| I guess I always thought that whichever spouse made the highest income was automatically deemed as Head of Household...but maybe it's really for unmarried people only? Hmmm...I know it's ... |
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 I just spoke with a rep at the irs and i have some facts for everyone.? |
| the only people getting their direct deposit stimulus payments early are the ones who normally wouldn't file a tax return every year. those of us who file every year are still not going to get ... |
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 How much of a tax return will we get with 3 kids, making like 50k this year? |
Additional Details
just a ball park amount- we live in OKlahoma, we are military- it doesnt have to be an exact amount- just a quick figure.... |
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 If you cash out your 401K and taxes were taken before you received your cash out, how do you file this with IR? |
| How do you file this with IRS? Does the cash out total go with your wages and income? And does the taxes removed go with your federal taxes? I live in the state of Nevada with no state tax. T... |
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 On parole and have an IRS audit that cannot prove? |
| I know someone that is on parole on drug related issues and they have an IRS audit that they just received from their taxes last year. They claimed someone elses children and gave that person money ... |
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 Who can legally claim my sisters kids? |
| ok, this is the situation, my sister has lived at my parents for the past 2 years WITH her 2 children, she doesnt work, she is still married but her and her husband dont live togehter. he basically ... |
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 My Mother got her stimulus chech on saturday.? |
It was a total of 600.00 her last to of her ss# is 07 so checks are coming. Has anyone else gotten theres already? I am expecting mine soon cause the last 2 of mine are 11.
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 If my gross pay pa is £35000 (UK) and my personal allowance is £6000, will I have to pay 40% income tax? |
| The HM Revenue site states 40% tax on income of over £34,800, but it is not clear if this is nett of personal allowance. Thus if my pa is £6000 my taxable pay is £29000, or does it mean 40% is ... |
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 I dont understand why I'm only receiving $600 in my stimulus? |
| I made about $5,000 last year and I am a student with a child. I just received my stimulus information and it states I only am receiving $600 dollars. Shouldn't I be receiving $900 since I have ... |
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 Inland reveue sent bill for £7000 but im not self-employed? |
| My husband got a bill from the inland revenue as he has a cis card but has never used it as he works from a company and pays tax and ni through is wages. What sould he do about the letter. they have ... |
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 Can I claim my daughter, who lives with me, she has earned 2600.00? |
Additional Details
she is 20, and a part time student, and she already filed.... |
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 I still haven't received my federal tax refund, what does this mean? |
I filed a couple weeks before the due date in april, I haven't received any response or my refund. What gives??? They would have let me know if there was a problem, correct?
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| Can I deduct my rent over $500 a month on my taxes? |
Can I deduct the portion that is over the $500 a month? If my rent is $625 a month, can I deduct the $125 a month from my taxes? |
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Judy1
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Not from your federal taxes - there is no rent deduction on federal taxes except for property used for your business. |
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Mahal
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No. Rent is not deductible. |
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Leo Lion
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I don't know what the $500.00 rent threshold means.
Some people pay $1,000.00 a month rent, some split a rent of $1,500.00 two or three ways depending on number of room mates.
The deductibility of rent probably only exists if there is a part of the dwelling used for business purposes.
This has to be proven with receipts or canceled checks.
I'd advise getting in touch with I.R.S. and ask about rental deductibility (if it exists).
Without a more clearer question, your best source is the I.R.S. |
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philbertpheinstein
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You can but it won't fly. |
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chief_eagle_wing
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No. |
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skip
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As a rule you cannot deduct rent on your federal return unless you run a bona fide business from home. You cannot deduct property taxes unless you are named as the owner on the deed registered with (usually) the county. Has a friend done this? If so, your friend may have an unpleasant surprise coming.
Some states allow homestead rebates, which may be based on rent paid or property taxes due on the property, but that is purely a state issue. |
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meatball
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No you can't deduct personal rent unless it's business related. |
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Barkley Hound
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Not in the United States. Where did you get that idea? |
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CJ
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only if you have a home business |
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