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 When having your own business, can you write your liability insurance cost off for your taxes?
...


 Is the uk better with a pound or euro?
thanks

and with the pound qui elow now, how does that help manufactering...i dont get it.......


 If you wanted to give someone a large amount of money.......?
If you wanted to give someone a large amount of money, would they be liable to pay any tax on the money you give them? I know you have to pay an inheritance tax if you are left money, but not sure ...


 Where can i find the law that states that workers must pay income tax?
i've seen the laws about property taxes and corporate profits taxes, but i can't seem to find a law that requires people to pay a tax on labor and wages.
Additional Details
i ...


 My brother is 17, he is in fulltime education, should he be taxed for any part time work he does?
HES BEEN taxed abit he worked part time over the christmas

what can he ...


 This is for people livin in england?
This is for people livin in england?
with regards to claiming housing benefit and income support, would I still receive this if i relocated to Spain??my rent is late and i only receive half of ...


 Do you live paycheck to paycheck?
does it suck as much for you as it does for me?...


 Can the IRS take away your home if you aren't paying taxes?
...


 We will be moving to UK in a few months. Will we qualify for the Child Benefit and the Child Trust Fund?
We will be moving to UK in early 2009 from the Philippines for a job assignment. Are our three kids qualified for the Child Benefit and the Child Trust Fund?
Additional Details
My ...


 If home prices are falling?
Will our local tax assessors adjust our home values as well? Last year when a proposal to not exempt disabled homeowners from having caps, the tax assessors office simply raised the value of the ...


 Parents want to claim me on income tax?
so, i am 19 years old. I just got my W-2 in the mail and my mom will be filing for me. She stated to me that if she claims me dependant she'd get a bigger refund back and i would get less. ...


 Is it better to claim 1 or 0 ?
I am 23, single, no kids & I support myself , Ive always claimed 0 on my W-4 forms but recently I changed it to 1 and claimed head of household because my 19 year old niece live with me & I ...


 If you did a direct deposit with the IRS for 2007 taxes will next months check be direct deposited too?
We've done direct deposit for years when filing taxes.

We'll be one of the first ones to get our advance on next years income tax. I was wondering if we will be getting a ...


 Are we allowed to prevent the government from withholding taxes? ?
When I get a pay stub every 2 weeks, are we allow to prevent the government or company to withhold taxes and pay them at the end of the year? I mean if we can, isn't it wiser to do this since we ...


 Is it true that you can file a deductioin on your taxes for paying rent?
I heard that you can file a tax deduction for paying rent at your residence and get something like a full month's rent back. Is this true?...


 Do you think a flat rate tax would be fairer than the curr?ent sytem we have with all the deductions?
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 Tax returns?
is it too late to file federal income tax return if your intited to a ...


 Do churches pay federal and/or state taxes on their "earnings"?
I am referring to any contributions by members, pastor's salaries, properties owned, etc.
Thank you for your help....


 Ever heard of birth control as tax-deductible?
...


 Do you have to list child support as income when fililng taxes?
...



Monica
Can you claim more than three dependents on your tax returns?
                     
 




bostonianinmo
Rating
You can claim as many as you have. There's no limit.


v b
Rating
Of course you can. If you have 8 children, you could claim them all.

The amount of your refund may not change after the 3rd one....


Eye_Mac
Rating
If you actually have more than 3 yes. You can't claim dependents who don't actually exist obviously.

If you had a lot of children you might run into AMT (alternative minimum tax). All depends on your income and how many dependents you have.


Margo A
Rating
You can claim as many as you have.


Judy1
You can claim however many you have.

EIC though is only calculated based on the first 2 children - having more than that doesn't give you additional benefits.


travelguruette
You can claim the personal exemption for all your legal dependents. Other credits may max out at 3.


xtraheavy01
Rating
I think you must mean allowances on W-4 form?

If you mean dependents, you have them, they qualify as yours, take them.


Jss
Yes, if they are dependents.
Read about the requirements to claim a dependent: http://taxipay.blogspot.com/2008/03/requirements-for-claiming-dependent.html


Beatngu
You can claim as many as you have.... but you only get credit for the first 3...


One Step Ahead
Rating
You can claim the actual number of dependents that you are responsible for. If you truly have ten children at the end of the year you would claim ten plus you or you and your partner.

During the year you can claim more than the actual number so less taxes to be deducted from your pay check. At the end of the year when file your taxes, you have to claim the correct number of dependent and the taxes will be due to equal that number.
WARNING if you claim more than six during the year, this information will be forward to the IRS.


Fearless Income
Yes you can, if you have given over 50% of their support for the year.

Now, if you had a home-based business, that's another story. You can deduct cell phone, internet, part of your mortgage, car mileage, utilities, websites, laptop/computer, travel, vacations, etc. I actually have 10 allowances on my W-4 which gives me an extra $300 monthly (I still work part time).

My disclaimer: I am not a tax professional. Any advice given is through my opinion only.


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