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 What is your opinion of raising taxes on ........? |
what do you think about raising taxes on cigaretts, alcohol, and luxury items? are you pro or con and why?
Additional Details
you keep mentioning sin taxes
what do you mean?... |
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 Tax question? |
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so where is it at now?
a day passed and i havent gotten it yet.
... |
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 Do you pay income taxes? why? |
http://www.youtube.com/w
http://www.26thofjuly.co
Join the fight! Learn YOUR freedoms! Refuse payment of the income taxes as it is UNCONSTITUTIONAL! Personally I ... |
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fox292000 | I don't have taxable income, but i have a mortgage, how do i get a refund on the interest i pay i'm a d.a.v. |
i'm a disabled veteran and on social security, can i file taxes on non taxable income and get a refund on interest i pay on my mortgage? |
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PepsiLime
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Sorry, but there is no refund on the interest you pay on your mortgage. You report mortgage interest paid on Schedule A - Itemized Deductions. If you don't have taxable income then you don't have any tax, and therefore no refund. Especially on mortgage interest. |
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Judy1
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You don't. Mortgage interest is taken as an itemized deduction, and reduces taxable income. If you don't have any taxable income, then you don't get any benefit from paying mortgage interest. |
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Mark S
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If you have no taxable income, you don't have to file. You cannot get the interest back that you paid on your mortgage. |
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Mathew
 |
No one gets a refund of the interest they pay for a mortgage. If you itemize your deductions you get to take a deduction for the interest you pay on a mortgage of your home. That deduction reduces the amount of your income that is taxable and therefore you pay less income tax. Given your income sources you don't have any taxable income to reduce.
Thank you for your service. |
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fredbelldingding
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I agree with mark s's answer. I too am in your shoes. And no, you cannot use this because it is considered a tax deduction, meaning to lower your tax obligation. But if you do not pay taxes to begin with, you cannot possibly receive a tax return of possible overpayment. |
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Info@bcbsinc.com
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We are an Accounting firm and would say call up the Deparemtn of Veterna's Affairs and see what they say as the rules relating to Disabled Vets may be different and entirely complex. As for example, we prepared a tax return for a lady that was on permanent military disability that made 17k lets say. Now normally it would have been taxed as such and claimed as such but certain revenue rules allowed it to be taxed differently at a lower rate less certain income levels in accordance to the VA disability guidelines for example. Most tax preparers would have had her paying twice what she may have owed and she got a refund back because of this matter. But again, they are always complex so go figure.
BC Business Services, Inc.
http://www.bcbsinc.com |
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shogun_316
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You might be out of luck. Any family/dependants with income on the mortgage with you? File separate in that case.
Otherwise, pay the mortgage off as quick as possible if you can't deduct. |
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