 Has the UK become an "I'm alright Jack" nation? |
| Sounds like it with the answers I've seen this morning! As long as you're alright !... |
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 Stimulas package ?? |
i owe student loans; i need to know if the fed's will take my stimulas package for what i owe on my loans.??
i have heard that they will & that they will not.
does anyonr know ... |
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 Tax deductions- adult children? |
| My two sons (20 and 21) are still living at home. Each earned a little over $3500 last year. I provided 99% of their upkeep including room and board during 2006. Can I claim them on my tax as a ... |
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 I never filed 1999 tax return and just recieved a bill. Can I file my 99 return still? |
| I never filed my tas return in 1999. I recently recieved a letter from the IRS that I owe money from that year. I recently did my 99 return and relized I was owed money. Is there a time limit on ... |
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 Can you claim car insurance as an expense? |
| I am a driving instructor and im just wondering if i can claim my insurance, or any part of it, as a business expense. Never have done before as i only pay about £400 a year anyway but thought i'... |
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 Can married couples file seperate and each claim a child on the tax return? |
| I have a friend that has been doing this for the past few years. If it is not okay, is there a fine that she or he will receive?... |
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 I only made a little over $1,000 in 2006, should I file my taxes? |
| I live with my Dad and he has always delcared me as a dependant on his taxes every year. Last year, I barely worked(was full-time in college) and only made about $1,000(total taxes was like $200). S... |
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 What is the point of a tv licence in the uk? |
| far as i know, it was set up to FUND BBC! as they dont have Adverts. but we dont get a say what they put on lol, then i wonder well everyone has sky or cable or freeview these days so who actuly ... |
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 What are the laws on claiming children on your taxes.? |
I am 23 and my parents still claim me! What are the laws on that???
Additional Details
last year i was away at school and they contributed a very small amount. i paid my own rent and ... |
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 Who should claim my 4 month old daughter on 2007 tax return? |
| My boyfriend and I are living together and i am a stay at home mom. I worked for half of the year and then quit to be a stay at home mom and he works full time. We're not fighting over who ... |
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| IRS! What the heck is their address? |
| What is the address in Kansas City that I can send my taxes too? I always send them there but don't have the address on file! Please help. And yes I know there late! P.S. this is for a business ... |
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 My Tax Preparer screwed me up big time what should do? i never even met the guy before or signed anything!help |
| im really screwed here... I have been seening this Tax Preparer for two years someone at work referred me to him so i thought id give him a try... ok so i ended up faxing all my w2's to him as ... |
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 Can claim my son as a dependent? |
| My son is 21 years old, he is not disabled. He lived with me for all of 2006. He made less 3300 dollars in '06 and I provided more than half of his support. His father and I have been divorced ... |
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 Does anyone have to claim my 15 year old daughters income? |
| My 15 year old daughter made $1100 last year in babysitting money. As a part of my divorce agreement I can claim the earned income credit for her, but my ex claims her as a dependent. Who, if anyone ... |
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 Where can I get the 1099 contractors form? |
| I have tried the libray and had no luck! They do have the forms at Office Depot but, I only need one and they come in a big pack. Also tried my bank! H... |
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Bad_Boy | How can I save my Taxes. ? |
I am single, hv no dependant and just relocated to Missori, US.
I am staying with my friends in Kansas City MO.
Still confused with US tax rules. Dont know what is IRS, moving expenses and all. How can I get a good exemptions to reduce my taxes. How to calculate Taxable income ?
I have $50,000 annul salary... can anybody give me a detail description what will be my take home salary ?
To save tax what I will have to do ? Suppose If I will take 1 laptop, how much exemption I will get on that ?
One more question can I declare myself as Head of Household ?
Smart answers are expected. |
 |
 
Judy1
 |
You can most likely deduct moving expenses, from the information you give. There are a few restrictions - download Publication 521 from irs.gov.
You'll get one exemption, for yourself. Head of Household status is only for people with dependents, so you'll be filing as single.
To calculate your taxable income, you'll add up all your income (salary, and any interest, dividends, other income), then subtract your exemption for yourself ($3200 last year) and your standard deduction (was $5000 last year for single).
If you use the laptop exclusively for work, you coujld deduct it, but you'd have to itemize to do that, so unless you have other deductible expenses, wouldn't be as much as the standard deduction. You get one or the other - the standard is what they give you without having to show any detail. |
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Jordan K
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To be Head of Household, you need dependents. |
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Kevin C
 |
With your tax questions, I would consider getting an accountant. You don't want to fool with the IRS. The IRS is the Internal Revenue Service. They handle all taxation on a federal level in the US.
You can make deductions for business purposes (for instance your laptop if that's its primary use).
You can also deduct for many other things i.e. health expenses, retirement contribution, etc.
There are also vehicles to shelter money from taxes, i.e. life insurance, annuities, IRAs, etc.
Again, I'd see an accountant, or I believe someone else mentioned Turbo Tax, a computer program that helps with some of this. |
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stopccdebt
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You cannot claim head of household without any eligible dependents. The best option is to be honest on your W-4 so that you have proper withholding. You can deduct moving expenses if you meet IRS guidelines in the link below.
If you have no mortgage interest, then you could likely have a small amount due at tax time. Having an extra $10-15 withheld from each paycheck could reduce or eliminate this gap.
When you decide to buy a home and begin deducting mortgage interest, then you will likely have a small refund. |
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george 2
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if you are working for someone else then they will take taxes out automatically. and no you cannot deduct a laptop unless it is used exclusively for work, and you can only claim yourself as single, not head of household. |
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daryllboothe
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That's a lot of information. You're making $50k, hire a tax consultant.. |
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jinenglish68
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this is the problem with immigration. seriously. |
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Joey K
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Oh, the IRS, that's nothing, just ignore them. |
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Andy FF1,2,CrTr,4,5,6,7,8,9,10
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The only benefit in the list of things you mentioned is possibly the moving expenses... Just invest a few dollars in some tax software like TurboTax in a couple months when they come out and the software will guide you through the whole process using a question and answer approach... it will ask you questions, and then prepare your taxes based on your answers.... |
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