 Do you need to file a W2 for a 2nd pt job that didn't take out state or fed tax? |
| I have a full time job, and a part time serving job. I earned $1300 total and they did not take ANY federal or state taxes out. I'm wondering if this needs to be filed??... |
|
 Can dependents be claimed by both parents? |
| My ex wants me to say that he can claim our kids for exemptions and I can claim them for credits. Is this legal? Can it be done? I thought only one person could claim the kids at a time. And when ... |
|
 Where is my stimulus package money? |
| I am due to receive it by the 9th of May via direct deposit. However, some of my family members with the same due date already received theirs. This is confusing to me. Are they doing them based on ... |
|
 Has anyone had trouble with the Where's my Rebate site? |
| Hi there...has anyone gone to the Where's my Rebate link on the Where's my Refund page on the IRS's website? If so..did it work for you? It cannot find my information and I e-filed and ... |
|
 Obama going to give the middle class citizens less taxes.But the rich now only pay 15% he could change that ? |
| Why should middle class citizens pay twice as much than the rich. the rich only pay 15% there a big DEFERENCE.But McCain wont fix that.And obama is going to let those who need and don't have ... |
|
 Say someone makes $200,000 a year, are they taxed $100,000? |
My friend claims with all her heart they are.
I don't believe her.
Help?... |
|
 $300 Bonus? |
| At what date will I receive the $300 bonus? I'm on social security.... |
|
 Is anyone else waiting on May 9th Stimulus check? |
| I E-filed and received refund well before April 15th. Direct deposit to checking. Deposit information is on my 1040 return. My SSN ends in 14. I used Turbo Tax but all fees were paid by debit card ... |
|
 Should we save our W2 forms if we get a notice from Social Security showing our earnings? |
| i read something that said save w2s because they will show what your earnings & benefits will be but I get something in the mail that shows this so I don't think I need the w2s..what other ... |
|
 Do I have to pay delinquent taxes by previous owner? |
| I recently bought a bank-owned foreclosure house in San Jose, CA. And, today, I got a mail from Santa Clara county regarding the delinquent taxes by previous home owner. Do I have to pay for that? I... |
|
|  |
tricia m | Can i claim remodeling on my home on my taxes? |
I have made several upgrades, new windows, exterior doors, bathroom vanities, closet doors, baseboards, carpet, paint etc. |
 |
 
Andy
 |
No, not unless you are renting your home. Even then it must generally be amortized -- depreciated over time unless categorized as ordinary repairs. But such remodeling increases your "basis" cost for calculating gain upon sale. The gain is tax-free anyway unless it exceeds $250,000 ($500,000 for married filing jointly). |
|
Judy1
|
The windows and possibly the exterior doors could count as energy conservation. There is currently a credit available for a portion of those costs.
For the others, no. Some would add to the basis of the house if you sell it to calculate whether you owe taxes or not, and how much you'd owe. Some items, like paint and carpet for example, wouldn't apply there either. |
|
linluv2001
|
no...but when you go to sell it than you can. If you put in energy efficient products possibly you will have to check with state you live in. |
|
Flyboy
|
These expenses are not tax deductible on a current basis. However, they do increase the cost basis, which is used when selling to determine your capital gain. For example, if you paid $100,000 for the house and spent $20,000 on improvements (painting is maintenance and won't count) then your cost basis is $120,000. So, keep your receipts and enjoy your improvements. |
|
Cosmic Girl
|
If it is a rental property you can, but not in your own home that you live in. Consult your accountant, they will be able to advise you. |
|
hopefulmom
 |
I am not an accountant but, I don't think you can. Ask a CPA or your tax advisor on that one. |
|
jinenglish68
|
Judy has the most correct answer. Give her the 10. |
|
?
|
yes |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 22 minutes(s) ago
| | | |
8 | 51 minutes(s) ago
| | | |
8 | 1 hour(s) ago
| | | |
8 | 2 hour(s) ago
| | | |
8 | 6 hour(s) ago
| | | |
8 | 9 hour(s) ago
| | | |
8 | 10 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
8 | 1 week(s) ago
| | | |
8 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
