 Tax question? |
| my 2 kids, who are minors inherrited some money from their grandma. they earn about $5000 each in interest on this money, do they have to file a tax return, and if not, at what point do they have to ... |
|
 IRS taxes (Simple pay option) Deposit NOT yet in my account HELP!!!!? |
My e-file (IRS) tax application was accepted on the 11th but..
The IRS said they would be depositing the $$$$$ today the 25th (08') And the refund has yet to hit my account today the 25th<... |
|
 Do I have to file taxes? |
| I am 20 years old (almost 21) and live with my parents (dont rub it in). I make roughly between $250-$320 a week ($9.50 an hour) do I have to file taxes? what is the minimum amount of money I have to ... |
|
 Can I claim my soon to be born son who is in the womb? |
I was wondering if I could claim my son, who is yet to be born until march 09, he is happily in the womb and is under my care.
Is it possible?? I mean after all according to christians ... |
|
 Do i have to pay tax on minimum wages? |
| i am working as an apprentice carpenter on the minimum wage, should i pay tax on ... |
|
 Mimimum Wage Question? |
| Why do they tax the minimum wage? I mean its already minimum earnings. I belive govt. should have minimum wage which can be tax free (a sustainable standard of living) - and all earning above that ... |
|
 Which tax filing status is best for my divorced parents? |
| My parents got divorced several years ago, primarily for the purpose of avoiding a lawsuit. My father suspected he would be sued, and his income is only $7K of social security per year with nothing ... |
|
 Is there a way to find out if my X tried to claim my daughter again this yr? He was told by the judge "no"! |
| Last yr was supposedley an accident and he said he claimed her while we were in the middle of custody hearings. My daughter has lived with me since we moved out and he said that "they" did ... |
|
 Tax refunds question? |
| i was wondering if anyone knows whether the tax refunds that are expected to be sent out by May are for the filing year of 2007,,or for the filing year of 2006? i've heard some say this past ... |
|
 I need your comments please ! I have a 8 point programme for a Corruptionless India? |
1. Every citizen should be provided with a permanant account number
2. Cash transactions should be discouraged by printing money upto the denomination of Rs.100.00 only
3. All transactions ... |
|
 Stimulus checks -- hearing all kind of different stories? |
| I filed the beginning of February and got my original check on February 19th. My grandfather did the same time and he asked already received his stimulus payment, which was $668. I know some checks ... |
|
 Even after a huge home purchase, why is my tax refund SOOOOO sad? |
| My Wife and I just purchased a home, and the interest paid is well over 12,000 dollars. I've heard people talk (seemingly now, crap) about this huge refund........where is ours? We've ... |
|
 Even though I'm a minor, will I have to pay taxes if I get a job? |
| I am 16 yars old and live in La Porte, Indiana. I am in DESPRATE NEED of money.I've gotton a few job aplications and My dad won't let me turn them in becouse he has the following excuses: I... |
|
 What tax form do i use? |
| im 19 and this is my first year doing my taxes and i don't want some stranger doing something i can do myself. i just don't know how or what form to use. if im filing single...can i use ... |
|
 How would I know if I owe the IRS?? |
| I'm 21 y/o and I never filed taxes before. The reason being is because people have told me it wasn't neccessary since I'm a student. I've worked plenty of jobs from the age of 16 ... |
|
|  |
randomyser | Does a mortgage payment contrbute towards a tax deductible expense? |
|
 |
 
girlwhoknowsitstrue
 |
The interest part of your mortage payment can be taken off on your taxes IF you file Schedule A & B (not the short form).
The interest is only deductible to $1M dollars annually. The interest deduction phases out as your income increases, I think about $120k for single filers and $170k for married filing jointly.
If you have a mortgage greater than the value of your home, only the interest up to the value of your home is deductible. If you have an equity loan, it is only deductible to the extent that the loan proceeds were used to improve the home.
I'm not saying that people "follow" the rules, but that's how they're published by the IRS. |
|
wish I were
|
Not your mortgage payment, but the interest you pay on the loan is! |
|
dundalk1
|
The principal is not deductible but the interest usually is. |
|
Mr Chris
|
The interest payment is, the property taxes are, and some states (such as TX) offer homeowners a "Homestead Exemption" which lowers the taxable value of your property. |
|
taxed till i die,
|
Not any more |
|
loveholio
 |
the interest and discount points you pay do. |
|
someonzangel
|
Only your interest is deductible, and only if you file a long form and itemize deductions. Look at IRS.com Publication 17. Its the Bible for tax preparers. |
|
Mike is me
|
the interest does, not the principle |
|
Sandy G
 |
You have to file for a homestead exemption on your taxes by October 1. Then you will get a discount on property tax. That is really the only tax break available. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 3 minutes(s) ago
| | | |
9 | 35 minutes(s) ago
| | | |
9 | 49 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 3 day(s) ago
| | | |
9 | 5 day(s) ago
| | | |
9 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
