 At what point are you responsible for your spouses IRS debt? |
| I am getting married in July and my fiance has not filed his income tax in the last 3 years. If he files before we get married and owes money (and he will owe) does that make me in any way ... |
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 Am i just being impatient or not eligable ?? |
| i filed a 07 tax return with more than 3k taxable income and under 30k, my SS # ends w/ 00 and, i filed w/ direct deposit as, head of household, yet i havent seen a stimulus grant.... |
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 My boy friend is neglecting me what should i do? |
he thinks tha my brothers are don's, raudies so he dont want to talk with me.
Additional Details
he thiks because of me his father is scolding him. he is feard about my brothers ... |
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 Can anyone show me the law...? |
...that states that the Federal Reserve is a legal & constitutional organization that I MUST pay taxes to?
SHOW ME THE LAW!... |
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 Still waiting on irs stimulus check....how about you? |
My husband and I filed jointly and our ssn# end in 16 &17 and we still haven't got our IRS stimulus checks. We already had confirmation that we were going to recieve a stimulus check.
... |
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 Jobs seekers allowance? |
Is this right?
Myself and my boyfriend recently moved to a new city, we rented a house and were both looking for jobs, i found a job with relative ease (after around a week) however my boyfriend ... |
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| If your 18,have been living out of your house for 6 mths. can your parent claim you on their taxes? |
| if yes then does that mean you dont get anything back or is it possible the accountant messed up or I earned too much this year. I feel like i'm being ripped off and lied too. or scamed..... |
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 I am receiving disability. Will I have problems with Uncle Sam because my live in boyfriend gives me money? |
Is this money considered income?
Additional Details
I applied for ss disability. Currently, I am on workmans comp.... |
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 How do you pay taxes if you are self employed? |
I usually claim exempt for the first 6 months.
Additional Details
I am considered self employed. I work for an employer, but I am responsible for paying taxes.... |
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 Tax return check..? |
So i've heard that the gov't will be sending checks out for people so the country doesn't go into recession... or something like that..
i'm sure this question has been ... |
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 Will the IRS accept my return on Jan. 14? |
I am not affected by any of the forms that are included in the delay of processing tax returns (Form 8863, Education Credits
Form 5695, Residential Energy Credits
Schedule 2, Form 1040A, C... |
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 My mom is my child care provider can i claim the child tax credit? |
| Both of my kids go to school in the morning and get out at 11:00, my mom then picks them up and cares for them and I give her some money in return, can I claim that in my taxes as child care? And if ... |
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 I hate my Mom need help with federal income tax ? |
| I claimed my little brother John and sister Linda for the past 2 years that I have been doing my taxes. This year some dude in San Diego offered my Mom 1,000 dollars if she was to let them claim John ... |
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 Do I put both jobs on my W-2? |
| I worked two jobs during the year. A tanning salon and where I currently work a hair salon. I made 8,186.00 at the hair salon and 2,001.01 at the tanning salon. Do I do two separate W-2 forms or does ... |
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 Should I use H&R block for my taxes? Will I get a check the same day? |
| Never used them before...going on vacation feb 2nd..need it asap..... |
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DEB1267 | Can you still donate a car to a charity for a tax deduction? |
I have some unusual income this year and will have a big tax liablity. My current car is about to give out so I may want to replace it. can i get a tax deduction for my donation? Is it worth it? |
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Judy1
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Yes you can take a deduction, but if the car is ready to give out, it won't be a very big one. After they sell it, they'll give you a form saying what they sold it for.
When you donate a car, your allowable deduction is what the organization sells it for - on a car not in good shape, won't be much, and even if it was in good shape, it's usually wholesaled so goes well below blue book value. To take the deduction you have to itemize. Your tax savings at most is the amount they sold it for, times your tax bracket. So if they sold it for $1000 and you are in a 25% tax bracket, your tax savings will be at most $250. |
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Angie
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You can still donate it. But there are stricter rules as to how much of a deduction you can take. People used to deduct the "blue book" amount for the car. Now you can only deduct the amount of value the charitable organization gets from your car. |
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ninasgramma
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You can safely deduct the market value of your car without documentation other than a receipt from the charity if you limit your deduction to $500.
If you donate to charity, and the charity sells it for more than $500, you will get a 1098C from the charity and you can deduct that amount, regardless of what the car may have sold for on the open market.
You have no control over what they sell it for. Except for the hassle-free aspect of donating the car, better to use it as a trade-in, or sell it yourself and donate the cash to charity. |
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Wayne Z
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Yes, but it has gotten a little trickier.
If you donate to an organization that is going to sell the car and use the money, you must wait until they sell it and you deduction is limited to what they sell it for. They will provide you (and the IRS) with a form 1098C showing the proceeds of the sale. |
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stephenweinstein
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Yes, however:
1. If the charity sells the car, rather than using it, then you can no longer deduct its actual value, but can deduct the amount for which the charity sold it.
2. If the charity uses it, rather than selling it, then you can still deduct the value of the car.
3. If the car is about to give out, then both of the above two amounts are probably not much. |
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MukatA
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It is better that you sell the car yourself and give the money to the charity.
If you donate the car to the charity, they have to first sell it, and you can deduct only the amount realized by the charity. It may be much less than what you can sell the car for. |
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Gypsy Girl
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You can, but only you will know if it is worth it. The answer depends on how much your car is worth compared to how much you could get on a trade in or sale. |
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CarVolunteer
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There are a few charities that take the donated cars and give them to low income people. If a charity does that, you can take the fair market value for the car. Of course, if it "is about to give out", fair market value might be small and the charity might not find it practical to give the car to a family. We occasionally do some fairly large repairs (done by volunteers or at discounted rates) that would not be reasonable for an owner to do. |
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