 What federal tax form do I use if........? |
| I make less than $7,000 a year; I don't own a home or any property; I have NO children (thank God); I'm not married, and I gave money to my local church last year. Is there a special form I... |
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 Why do people get busted for tax evasion if there is no law that we have to pay income tax? |
My understanding is that there is NO law that requires that people pay income tax and yet I hear about people getting popped all the time by the IRS for income tax evasion.
What gives?
<... |
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 17 year old girl, claimed as a dependent on parent's taxes, but made $3000. Do I get the tax rebate? |
| My parents claimed me on their taxes as a dependent. But I worked all last year, and made over $3000, so do I qualify for the rebate? I initially thought i did, but now I have read an article that ... |
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 Stimulus/Rebate Checks - those that are suppose to be sent by July 4th - has anyone received theirs yet? |
| Going by the Stimulus Payment schedule at irs.gov, my rebate check should be sent out no later than July 4th - but by it stating "no later than", I am wondering if I can expect it sooner ... |
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 Why Am I paying tax? |
| I am 18 and a full-time student and work weekend I am just wondering whether i have to pay tax? If not what can i do so that i will not be taxed from my wages? I earn around £3370.80 a year. So will ... |
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 What to do if person that watched child wont give ss# bc they dont file taxes. How can i claim what i paid? |
| This eldery lady from church watched my child so i could finish high school but my mother in law told me that she doesn't do her taxes or something bc they dnt pay for housing or something like ... |
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| Tax rebate?....is it UNFAIR for single parent to get less compare for married couple..if the governmenr really |
want to help the economy.....isn't they should priority those please who needs MORE help?....am i wrong to think this way?
Additional Details
i mean government not governmenr...... |
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 Tax rebate? |
| Im in the UK. Ifiled my tax return on the 7/7. How long does it take to get a rebate if i am going to get one?... |
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 Can these be claimed on our taxes? |
| In 2008 we had a large dental bill we paid out of pocket and also have many medical bills as we are seeing a fertility specialist. We live in Illinois. Are these things we can claim? The ... |
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 If i file for independent at 17 years old is that a good idea? |
| Me and my mama are having problems and i want to move out should i file independent and just live with my aunt i want to know if this is a good or bad idea??... |
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dev d | How can save tax? |
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singularity
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First decide how much tax u want to save. U didn't mention your annual income so it is difficult to give you a good solution. However, if u can save upto 100,000 u can gat rebate under section 80 (c) as the whole amount is deducted from your gross annual salary reducing your tax burden. Apart from your company PF deduction, you can invest in PPF(public Provident Fund) whose 8% interest is tax free. If u can take a little risk u can go for ELSS i.e. invest in mutual funds locking your money for 3 years. U can also buy a term life insurance or a health insurance if your organisation doesn't provide any which would also save tax under 80 (C) and 80(D) respectively. |
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Jeevan Kumar Mittal, 1956
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You can invest in various tax saving schems like Insurance, ULIP, MEDI claim, Donations, Tution fee, House rent etc. |
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rajesh r
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Hi, Dev.
If you are a working professional then you can save to a maximum of 83000 rupees (approx), out of which
a. 33000 rupees (approx) can be saved through investments like LIC or any other private players. But, remember tax savings are also taxable. 100% tax saving schemes are available like Reliance ELSS fund, Standard Chartered ELSS fund etc;
b. the rest of the amount can be saved through HRA (House Rent Allowance), you can ask your Hr professional or accounts people in your office to help you in this form of saving.
If you are a businessman or self employed then savings can be purely in form of investments only. |
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bora_nc
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i think you are referring to income tax . in that case it is better to refer to income tax web site or income tax act .most of the sections of it act are about saving tax |
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Ajay
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Hi Friend
Firstly, tax saving is depends on the type of the income you have?
Common deductions available for Individual
1) u can invest in the various ways to get the maximum deduction of Rs.1 Lakh under Sec 80(c)
- u can invest in Lic
- u can invest in ulip policies of the mutual fund
- u can make a fixed deposit in bank for minimum period of 3 years
- u can invest in PPF
- Tution fees for your child upto max of 2 child
- Home loan repayment
If u are leaving at rental house u can take a benefit of HRA. |
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Just IN
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Make some investments. Easy and safe thing is to invest in LIC. Or submit your rental agreement to the company you are working for Tax reduction. |
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padminiramesh@yahoo.com
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First you declare your income then only then only advice for tax saving can be given. |
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tahairgandhi
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buy thing from loans thise is a way how u save tax
http://freewebs.com/ashweria |
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