 What happens when two people file the same kid on their tax return? |
| I know these two people who are fighting over who gets to file the kid on their tax returns. What if one of them files first, and the other tries later on? What will happen? Will there be an ... |
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 I have not filed a return for 5 years.? |
| I have no W2's, or any type of proof of income other then my bank statement. I want to come clean with the IRS and pay my back taxes so i can buy a house. lenders want copies of your tax returns ... |
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 Where is it written that Americans are required by law to pay Federal Income Tax? |
Additional Details
And what happens if you don't file a W-2? How can one legally not pay taxes?... |
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 Do I have to file my taxes? |
| I am a full-time senior highschool student. In 2006 I made almost $4000 dollars. I am fully dependent on my parents and I don't owe the IRS they owe me a small refund. Also my W-2 forms are ... |
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 Tipping..................... |
| I have a neighbor that works in a thrift store as a cashier for minimum wage. If her sales for the day top $350, she is given a 10% cash bonus of the overage, but when she receives her paycheck, ... |
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 Cant pay at the time I file......What do I do?? |
| I am going to file my taxes in a couple of days but I owe about $1,500. I can not pay at this time so what steps should I take upon filing my return.... |
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 How can I stop Ex from claiming my son on his taxes. ? |
| It specifically states in the divorce decree that if it is one of the parents turn to claim the child, but they are not current on child support, then the other parent claims the child. My ex is ... |
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 Must my father in law file or pay federal taxes? |
| he is 85 yrs old gets a pension and social security worth about 2300 a month he has not filed since my mothr inlaw died 3 yrs ago can he get in trouble....... |
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 When you but a a second hand car from a dealer,why do they add vat to the price when? |
vat has already been paid on the car when it was new?
and if the same /other dealers sells the the same car again and again ,vat is still charged
RIP OFF Britain !
it seems to me the ... |
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 Why don't we get rid of the SALES TAX and start a good ol income tax. Then the rich will have to pay.? |
| What does a punity sales tax mean to the income of the rich who pay no income tax. (Florida and maybe more? ) Sales taxes really hurt the low and middle income people and mean nothing to the rich. (A... |
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 Has anyone recieved a paper stimulus check?????? |
has anyone recieved a paper stimulus check yet ?
who's info on the IRS web site says it will be mailed on may 16th?
Additional Details
MEGAN Z
i am sorry but you are ... |
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 We used hubby's 401k to payoff house, car and land. Is any of this deductible on income tax? |
| Company merged and decided to withdraw rather than rollover. Knew it would be subject to 10% penalty but thought it was better in long run to pay everything off. Now trying to find ways to reduce ... |
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 When will w2 forms be sent to california? |
| when will w2 forms be sent to california?... |
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 What is the day you are allowed to start filing taxes forr 2008 tax season? |
| I am wondering if you may filing as early as Jan 1 or if you must wait until a certain date, and if you do what is the date. Thank You to all who answer.... |
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 Can settle a tax question as to why the rich seem to pay less taxes than the rest of us? |
I say they pay less because they spend more money overall
My friend says they pay less because there are more middle/poor class taxpayers than rich taxpayers.
Who's right ... |
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 Tax credit overpayments please help! My husband died suddenly Aug last year and had 10k overpayment debt? |
he was off work for 1 year after extensive brain surgery and when he returned to work I informed the IR on his behalf. He was already
3K in overpayments for 03/04 but they have continued to pay ... |
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fastboymatt | I am claiming stardard deduction head of household can i still claim my moratage interest i paid it is 3,600? |
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Michael R
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If you take a standard deduction then no, you can NOT write off your mortgage interest.
What you need to do is file as Head of household so you get taxed less and then itemize your deductions in order to write off your mortgage interest on the schedule A.
Just make sure your total itemized deductions are more than the standard deduction which is 7850 for HoH. If they are not more than the standard deduction then do not itemize your deductions. |
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Bette
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No, if you look at the tax form you have a choice of either choosing standard deduction, or itemized deduction!!! |
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bostonianinmo
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No. You may itemize or claim the standard deduction, not both. |
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Eric
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Nope, mortgage interest is usually the first thing that pushes people to itemize... spring for some tax software and itemize... you should do better than the standard deduction. |
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My2Cents
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You can only do one or the other.
You can either claim the standard deduction or you can itemize...not both. |
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debnm
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You have the choice to either take the standard deduction ($7850 for head of household) OR itemize your deductions. You chose which is higher for you to take. When itemizing, you can claim your mortgage interest and qualified mortgage insurance premiums, possibly medical & dental expenses (the amount is based on your income), state income taxes withheld from your paycheck, annual real estate taxes, an gifts to charity, to name a few. Look at Schedule A and see if your itemized deductions add up to over $7850, if so, go that route. |
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know it all
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I am not for sure, but if you are claiming the standard deduction then I don't believe you can claim both. I think you have to be itemizing in order to do so. Good luck. |
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Judy1
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No, you can claim itemized deductions OR the standard deduction, whichever is more, but can't claim both. |
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jmoyz28
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If you are itemizing your deductions you can. You can claim your property taxes as well. |
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Mary Jo W
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yes |
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Tapestry6
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Yes, as long as nobody else is claiming it.
Check www.irs.gov for more income tax answers. |
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