 Who do i contact about my tax refund? |
| i had my taxes amended in May and am expecting a pretty big return. amended returns are suppose to take 8-12 weeks, and it's going on week 11. how would i find out where my return is, it seems ... |
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 What benefit is it to claim a dependent if you don't get anything? |
| i don't understand. Mom and dad has a child. Mom and dad have court order saying everyother year each one claims child. Regardless of whom the child lives with. Why does one parent not get the ... |
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 Can He claim my son on his tax return without asking me when i already claimed them both..? |
| My EX just text me yesterday and told me that he claimed our 2 year old son on his tax return.. HE never asked me if it would be ok.. i filed my taxes the day before i recieved his text and I had ... |
|
 Can I deduct my laptop? |
| I work from home as a medical transcriptionist. I bought my laptop to finish my online schooling, and for work. I got it in June 2006, and started working in November. I have the reciept. The ... |
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 What would be the best way for my husband and I to file our taxes? |
| He's been working, but I quit working in March while I was pregnant and have stayed home with the baby. We have one baby. Should we file seperate or married? Can he claim the baby, me and ... |
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 How can I figure out if H&R Block messed up on my taxes? |
| I have barely any of my tax forms.. is there anyway I can get copys from them? I had a couple jobs, and I qualified for EITC, but I owe this year and I was seeing if that was done wrong.... |
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 Het all, I received a letter for a Tax refund from https://www.jicscorp.net/ is this a scam? |
Hey all,
Can you please help me, I receive a letter claiming that I have a goverment check for 2k dollars, and that they will process the necessary paper work for a fee of $135.00
<... |
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 Can I work under 16 hours a week and still claim Child Tax Credit not Working Tax Credit? |
| I am a university student with two children. I'm on my summer break and wanted to look for work. I claim child tax credit and wanted to know if I could work under 16 hours without my claim being ... |
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 How long should it take the Inland Revenue to get back to you about a tax claim? |
| My fella paid too much tax last year, they told me so on the phone when I told 'em the code on his P60 so I sent it off to the relevant office as they asked with all his details and why we were ... |
|
 H & R Block question? |
| How does it work when you borrow against your tax return? And what is it called through H & R Block?... |
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 I take care of a disabled 26 year old he lives with me can i be able to claim him on my taxes? |
| He receives a monthly check of $636, That is used to half of the rent, but I am the one that pays the other half plus i buy the groceries i provide the transportation to the doctor, school anything ... |
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| Can we fill 2years income tax return together? |
| I want to fill the income tax return of my mother.But i want 2 returns to file in this same assessement year.Can i do this or not.... |
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 Can someone explain why my tax should go to people who cheat the benefit system? |
| to the other question before (should I report a benefit cheat) I would like to ask is it ok for all people who work hard that they tax should pay the people who cheat on claiming on the benefit ... |
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 Can my fiance claim my 2 children and myself on his 2006 tax return? |
| My fiance and I have been living together since June 2005. He has been the sole supporter in the household. I am supposed to be receiving child support (court ordered) from my Ex husband but he has ... |
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| How do I claim my daughter on my taxes? |
| I just need to know what info I need to file her with?... |
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 Groceries, Gas and taxes? |
Which is hitting your pocket book the worst in your daily life?
A. Gas?
B. Electric?
C. Food/Groceries?
D.Taxes?... |
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kewldude471 | If someone is making over $250,000 a year, can they donate to charity in order to fall in a lower tax bracket? |
Let's say someone makes $260,000 a year. Can they donate $10,000 to charity and deduct that in order to fall in the <250000 tax bracket? |
 |
 
what?
|
yes. |
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Wayne Z
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Yes, but why would they want to?
Let's say the rate goes up 3% for people making over $250000. A $10,000 donation only saves them $300 in taxes.
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bostonianinmo
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Yes you can do that, but it you'll STILL be out of pocket for the difference between the donation and the tax savings. If you donated the $10k you'd save about $3,300 in taxes but would still have $6,700 less than you would have had if you had not made the donation.
Actually, $250k falls about midway in the 33% bracket so you won't drop a bracket anyway. Spending money to save taxes virtually NEVER pays off. Make the donation for the good that it does, NOT for any tax savings. |
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Bob F
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It wouldn't do that much good. There is no great benefit of falling down to the next bracket.
You do not pay tax on ALL of your income based on the tax bracket in which you happen to land. Everybody regardless of income pays:
0% for the amount of your exemptions and deductions (at least $8950)
10% for the next $6000 ($12000 for Married Joint filers)
15% for the next bunch depending on filing status
25% for the next bunch depending on filing status
28% for the next bunch depending on filing status
etc.
So people with $250K income do NOT pay 28% on ALL of their money just because their last dollars are being taxed at 28%. So there is no great benefit to working your way down to the next bracket. Of course they would save 28 cents on every dollar they donated because that is how their bracket is having them taxed.
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Judy1
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Yes, But don't get too excited about that $250K cutoff, that was campaign talk, not necessarily what will really happen. |
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travelguruette
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It is not a dollar for dollar deduction but yes it can help. |
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wartz
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Tax brackets are progressive. Deductions will reduce tax at the highest marginal rate. |
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PJ
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Yes. There are many deductions that can effectively lower income for high earning individuals. |
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rtfm
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Sure. That's exactly the kind of thing that the rich do all the time. |
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