 Should I (or shouldnt I) claim my jackpot come tax time? |
| Back in April of this year, I hit a $3,000.00 jackpot at one of the local casinos. Of course, they gave me a 10-99 form after they handed me the cash, which supposedly I have to claim with my taxes ... |
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 I make 41k a year, why am I giving 27% to taxes? Isn't that too high? |
| That seems higher than the tax brackets I remember in my college accounting class. If I'm heading for a refund @ the end of the year, how can I get them to take less out so I don't have ... |
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 Am I a dependent? |
My parents want to claim me as a dependent on their tax return, but I am not sure if they can.
I'm 21 years old and was a full-time student until I graduated college in May (since ... |
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 Is child benefit and child tax credits the same thing? |
| im at home looking after my little boy and my partner works, we get working tax credit and child tax credit but not child benefit or is it the same thing, im a bit confused,... |
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 Can someone claim a child on thier taxes if the child pasted away after birth? |
| the baby only lived for a day but a social security number was issued along with the birth certifacate. we tried to claim him but not we need to show proof that we cared for him for 6 months how can ... |
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 How much does a pack of cigarettes cost with tax? |
I need this information for a project. If anyone has any links or information please post it. Thanks in advance!
Additional Details
Kay - Yes it is a homework assignment for health.... |
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 I.R.S. Illegal bogus tax,question.? |
| I am turning 18 soon,Why the heck do i need to pay taxes,I have checked the laws,from my research this is "not legal" most of the states did not legalize this,why should I pay this if It is ... |
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 Road tax question? |
| i have just bought a tax disc online, can i drive my car while i wait for the disc to arrive.... |
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 Can I get a tax credit somehow for the child support I pay? |
| I have joint legal and physical custody of my son who I get almost 50% of the time. She claims him as a dependent on taxes. Since the "child support" reduces my income by $6000 a year, is ... |
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 Petrol Tax? |
With the increase of fuel prices all over the world and spacificaly in Great Britain.
Why doesn't the gorvernment try and step in and help the people. For intance they must be raking ... |
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indian~bri | Is it true that if you save all your reciepts you can file them and get the taxes back? |
???? has anyone heard of this?? |
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Landlord
 |
Sales tax has not been a deduction for 20 years. You read a very old book. |
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glowe
|
YES |
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imisidro
 |
Only if the expense qualifies as tax deduction
Say for example I get my nails done or go to Starbucks for my morning coffee. Even if I keep those receipts, IRS will not refund me the money
But if I am a business owner, and I go to a restaurant and meet prospective customers, I can save the receipt and claim tax deductions for it -- which for this type of expense is 50%. Or I buy office supplies and even computer, those expenses I can deduct. Or if I have a website and do business from the website, then I can deduct from my taxes the cost of buying the domain, web hosting, or even books and magazines I buy that will help me run my business
There are tax rules, and only if the expense qualifies, then that's the time it makes sense to keep the receipt so you can have it in time for tax filing
But the mere practice of keeping receipts is not reason to get tax deductions |
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omnisource
 |
No, honey, it doesn't work this way.
You've obviously misunderstood someone.
Retail receipts include state and local sales taxes, which are added to your purchases and kept by the government. Sales taxes are different from income taxes, and you don't get them back on your income tax refunds.
Retail receipts are usually kept in order to provide proof for claimed deductions, ON YOUR INCOME TAXES,like allowable itemized business related expenses. You don't get any sales taxes back, there isn't a SALES TAX REFUND for the last 20 years or so.... |
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just me
 |
If you itemize you have the choice of deducting the state and general local tax you paid or the sales tax you paid. You can either keep your receipts or use the sales tax table which is an average of what a person in your income bracket would spend. If usually is more beneficial to use the state and local tax unless you purchaed a new vehicle, motorcycle, RV, offroad vehicle, etc. |
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MIAH H
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yes if they are for work purposes but i think you have to prove it and stuff so be careful if you try to do anything |
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yummy_you20
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Yes and no. When filing, you have the option to itemize deduction or not. All the sales tax that you want to itemize will have to be more than the taxes taken out from your pay check in order to gain any benefits. If your taxes from your w-2 are more, it's better to use the standard deduction instead. |
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Doctor Deth
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only if they are business-related expenses and you are filing a form C for a business - not for personal purchases |
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BeingMe
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No, No, NO. Only Business related. Gas, supplies,etc. can be used as a deduction. |
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comfortable0
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SOME of them might work... like if you bought something for work purposes. For example, my boss gets his clothes dry cleaned for work, and he was able to use those. I've also heard if you save the receipts from toll roads you can use them, but I don't know if thats entirely true. You should check with a tax person. |
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The Wail of a Banshee
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If you are self employed you can claim back most expenses that you have incurred through work . |
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