 What would you feel like if you only had a dollar to live on? |
| Think about this...If you only had one dollar to buy your food and clothes..how easy do you think that would be?? Not very easy at all. So i want to know what you would do.... |
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 Whats my tax rate? |
i am working a lot and trying to ave something right now for a year or two. I am working around 80 hours a week.
my earnings:
1st job: 35 hours per week-- £14000 per year
... |
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 Is it true the richer you are the less you have to pay for taxes? |
i was just wondering.
im writing a paper on eaqulity and ya
Additional Details
im trying to make apoint in like america how we arnt totaly like everyone ... |
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 Where's my Stimulus Payment? |
| I owed money on my taxes and sent them in mid April. The check that I wrote to pay my taxes cleared my account on April 15. The last two digits of my SSN are '00', so, my stimulus check ... |
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 What happens if you dont file your taxes on time?? |
| I was thinking it was gonna be a serious pain in the *** to file my taxes this year cuz i lived in 2 different places and worked at about 5 different places. Doesnt the IRS just send you a bill with ... |
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 Is there a way to get rid of owing federal tax? |
| I had small personal business.I used my social security number for tax purposes. My partner has deseased. Now I owe about 260,000 dollarars.Did not file tax returns since 1999. Trying to file ... |
|
 Do you have to report profit from sale of a real estate? Some were spent to pay for charges on remodeling? |
| I sold a house in 8/2003 with large profit and has been unemployeed/student until now. I didn't report the profit in 2003 and bought a house 8/2005 with that profit. I'll start work next ... |
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 Will I get a refund? |
| I am currently not having any federal taken out of my paycheck each week because of the number of exemptions I have (I have 5 kids and am head of household) Will I get a refund this year?... |
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 Will my friends refund be garnished?? |
| My best friend is currently getting her wages garnished from a student loan. She is about to file her taxes, but isn't sure she is going to receive any money back because she still owes. Will ... |
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 If you knew someone who bragged about not reporting all their income to the IRS, would you report them? |
| A co-worker of mine makes a decent salary and her husband, who is self-employed, makes a very good salary. They have a huge house, a boat, several cars, condo, etc. She is constantly scamming '... |
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 Who do i contact about changing my tax code? |
| its on emegency tax! also, i have two new jobs so i need to fill in the appropriate forms but don't know where to get them.... |
|
 Teens for Economic Stimulus Plan????? |
| So this year in total earnings I earned over $6,500. Now I've heard about the Stimulus plan from my dad and others (I'm 17). And I was wondering if they are going to give the $300-$500 ... |
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 If I work at the age of 16, and I only live with my mom, would I still need to file taxes in February? |
My dad and my mom divorced. It's only my mom that is taking care of me.
Additional Details
My mom and my dad are divorced, and only my mom takes care of me. This is taking place in C... |
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 How do I do a credit report on my self? |
| I'm 16 I work but never filed for taxes and need a credit report because I believe theres misuse of my social security card.... |
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Russell B | Can home repairs be written off on taxes? |
I have a pipe leak in the front yard getting fixed and it's going to cost 500 dollars. Will I be able to write that off when I do my taxes? |
 |
 
Charles G
 |
Personal home repairs cannot be written off on taxes.
If the property is rental, or used in business, the percentage that is non-personal can be written off on the business or rental form. |
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stephenweinstein
|
Not in this case.
For rental properties, the owner can deduct the cost of repairs as a business expenses needed to obtain the money paid by the tenants.
For owner-occupied homes, a deduction is allowed only for casuality losses, such as sudden damage from a storm or sudden damage from a burst pipe, but not for gradual losses or for replacement of things that are simply too old to work.
In both cases, a capital improvement that increases the value of a home increases the "basis", which decreases the capital gains tax, if any, that is due if and when the home is sold. However, this does not benefit you until then. (For rental property, a capital improvement could be deducted over a period of years through a method called depreciation, but that does not apply to owner-occupied homes.) |
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Jeanbug
|
No. Home repairs aren't deductible unless 1) you work out of your home or 2) you are upgrading the home with energy saving features.
However, it is wise to keep track of all repairs and upgrades to your home, because when you sell your house in the future, some of these costs can be used to lower the amount of capital gains realized when selling your home. I've included a link from the IRS that will help explain it. |
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Judy1
 |
No, sorry, repairs aren't deductible - and don't add to your basis for when you sell. Repairs are on your nickel. |
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chatsplas
 |
NOPE. But keep receipt and add to basis in house when you sell. . . . .
Unless it is rental property, then yes. . . . . |
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travelguruette
|
No. Only for rental property. |
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src50
 |
No. |
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Jss
|
No home repairs are not deductible. If it is a rented property, then you me claim it as expenses. |
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kate
|
Only repairs related to a loss like hurricanes or fire etc .
Ongoing boo-boos , nope but check the irs.gov web site ,
Things are always changing .
http://www.irs.gov/
> |
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Tam
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If you work outta your home yes |
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