 Is PAN necessary for cheque deposit? |
| Is it necessary to mention PAN number to deposit a 10lakhs cheque in India?... |
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 Can anyone offer advice on making taxes less painful when you don't own a home or have kids? |
| I'm hoping that someone out there can give me some advise on how to relieve my tax burden or at least direct me somewhere that I can find information. The situation is that my husband and I ... |
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 What happens if someone else pay off my mom's house? |
| She is recieving social security. Would she have to claim this on her taxes? Will this affect her social security for next year?... |
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 Im 19, dont live with parents, provide my own support, made 25,000 this year,Im a full time student.Dependant? |
| I paid more than 1/2 for my tuition but do not have much of a paper trail. I gave my parents cash. I moved in with my grandmother about 2 yeah ago and we split the bill. Can my parents claim me as a ... |
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 My childs father wrongfully commits fraud every chance he files for my child.? |
| my childs father called me up trying to get me to drop child support being that he is broke from oweing the irs. he rushes to claim my child before me. he has been claiming my child every year i have ... |
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 Can i claim housing benefit? while i live at my partners mum's house? ? |
| i have just lost my job and struggling to pay for our rent there, my partner is on maternity leave and her parents cannot afford to keep us there rent free. We cannot get a council house as we own a ... |
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 Can someone win against the IRS? |
Has anyone ever won a legal battle against the IRS, as far as proving that they didn't make "income" for a particular tax year?
Additional Details
Wayne Z- Are you ... |
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 Pay IRS before getting refund? |
| So i know i have to file my taxes before i can get the new refund checks but i owe them 150 dollars. does that have to be paid before they send the refund?... |
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 I am being audited by the IRS for the year 2006. I have a retired IRS employee who does tax returns on the? |
| side, and I pay her. The IRS says some income was not reported and now I owe $815. Who is responsible to pay this money? Me or the paid tax preparer?... |
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| Married filing separate and joint? |
| i think my ex husband (final as of 3-16-07) may have filed MFJ or single on his tax return. In our divorce decree it clearly states that why BOTH must file married filing separate as we could not ... |
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 I have not paid my taxes in 2 years..help!? |
| I never owe. I have always gptten like 1000 dollars back every year. But because I am behind on student payments, they always take it anyways. So for the past 2 years I haven't bothered. I want ... |
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 Why is my former employer reporting 1099 income for my rolled-over 401(k)? |
| I left my company last year and promptly rolled over all of my 401(k) *directly* to an IRA. I've done this several times before. I almost had a heart attack when I got a 1099 from them ... |
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 Do do employment taxes reduce Federal income tax? |
for insta
nce, let's say you earn $100 before tax wages.
$7.65 gets taken out for FICA taxes
Ignoring exemptions and other deductions, do you pay income tax on ... |
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 Is 125,000/year a good salary? |
I have a job offer that could bring me that. It's a reduction from what I am making now (reduced by about 50,000/year). However, I can spend more time with my family.
Any comments?... |
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Melandi | Is it better to itemize or use standard deductions? |
My itemized deductions are almost 3x greater than my standard deduction. Go with itemized? |
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Ola
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better to itemize than claim the standard deduction if it saves you more money in taxes. |
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Brian G
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If your itemized deductions are larger than the standard deduction, go with that. You will save more in taxes. Keep in mind that some itemized deductions are only allowed when they exceed a certain percentage of your adjusted gross income. |
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tma
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If your itemized deductions are larger, you should be saving a lot more in taxes, unless you are in the AMT. |
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Judy1
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Well, yes - if your itemized deductions are higher than your standard, then you'll pay less tax if you itemize. |
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Jerry
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Go with itemized if that is the case. If you lived in Colorado, which is where i live so I will use it as an example.
If you have the standard deduction of single 5150 you said your itemized are 3 times that. Which is at a minmum 15450. The difference is 10,300. Assuming you are in the 25% bracket, as that is easy math, the state tax is 4.7%.
Itemizing will lower your tax by $3,059.00
However the standard deduction is a better deal cause you don't have to pay it to get it. All of your itemized deductions are actual out of pocket expenses, your standard is a free deduction. |
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hightechchic
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Do whichever saves you money. It's a lot more work to itemize, but it's worth it to keep YOUR money. |
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Herschel K
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Itemized but depending on your situation you might get hit with the criminal AMT, designed to tax "rich" people like you. |
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beez
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I always itemize because the laws change frequently. |
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