Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 How would I save money on taxes from this damn gov?
ok here is the scenario:

My gross pay per year is $70,000. After taxes I receive only $2000 every bi-weekly. So gov is chewing off about $695 every bi-weekly from my paycheck.

(...


 Any idea on the cheapest way to get two years of taxes done?
...


 If my CPA made mistakes on my return do I have to pay her?
My CPA is charging me $250 for filing this year's return, which I don't feel is too expensive, however she made several mistakes. I don't feel I should have to pay her the full amount ...


 How do you cash a paycheck??
its my first pay check and i need some help. thanks....


 How much can you make in income after you start drawing social security?
...


 Income from Home trascription is 4000/month. Is it compulsory to pay tax?
...


 Is taxation legalised theft by the state?
If I refused to pay my taxes to Blair's corrupt partner in crime Gordon 'Stalin' Brown, I'd end up in prison. But has anyone ever challenged the Government in a court of law with ...


 Do you get money back from taxes if you have a child?
I have heard that the government gives you money at the end of tax season for having a child providing that you worked that taxed year....


 What good is the IRS and paying taxes?
Bush gets flack for lowering taxes to the rich yet Clinton signed treaties that allowed our corp. to take their profits off shore to pay no taxes and he pardoned hundreds of tax evaders.
What ...


 Do you think the UK economy could collapse like a house of cards next year?
I hate to be pessimistic, but I'm beginning to wonder just how bad a slump we are facing before the economy begins to recover. Already, two or three major retailers have folded and banks have ...


 What should I tell the cashier when I buy my next lotto ticket, cash or annuity?
Would it be best to take a lump sum payment or take it over a long term for a lotto player that is in his 30s?...


 Is spouse's insurance premium is deductible from income tax?
...


 Why do you get child tax credit, just want to clarify?
basically i stay at home with kiddies and hubby earns too much for working tc, so i've always thought the child tc was just cause i have 2 kids. is that right? i mean if i had a pt job would it ...


 Is it true that in a month with three pay periods irs only taxes two of them?
...


 I want easy way to have my last will written without paying to any lawyer.?
...


 Tax rebate.?
I still havent recieve my tax rebate.i have direct deposit on my income tax return and according to irs payment calculator if its direct deposit you should recieve it the latest is may 16.i meet the ...


 IRS 1040? How to get it?
I'm filling out my FAFSA today and I have our W2 forms... but I just found out I need something called an IRS 1040 or something.... HOW DO I GET THAT?

And what if I won't be ...


 1/28/08 no word on my refund from hr block anyone waiting from 1/25/08 get theres yet?
...


 Why do the Amish not have to pay social security taxes???
I THOUGHT IT WAS MANDATORY THAT WE HAD TO PAY SOCIAL SECURITY TAXES!!!!!...


 DID someone else use them on their taxes?
HOW can I find out if someone else used my children on their taxes, is there a number I can call, or a website I can go to. Please, serious inquiries only, and please dont answer this question with a ...



Trench Foot
Is there a tax deduction if my wife is pregnant?
                     
 




Doe
Rating
Sorry, not just because she is pregnant. If her medical expenses are high and not covered by insurance or reimbursed through a flex spending plan, anything in excess of 7.5% of your adjusted gross income that you actually paid out would be deductible if you itemize. Included in medical expenses would be some things most people never think of, like prescription lenses and over-the-counter drugs like ibuprofen. This is one area that most people don't keep good records in, but with the skyrocketing costs of out-of-pocket expenses for health care, it's one area more people could use to their benefit. And since insurance providers will bill your wife and the baby as two separate people, you will usually pay twice as much in deductibles.


bostonianinmo
Rating
Only for unreimbursed medical bills that exceed 7.5% of your AGI, if you itemize your deductions.


mediahoney
Rating
You can deduction medical expenses above a certain amount. Check the IRS web site.


Clown Knows
Possibly the medical bills if you have enough deductions.


TaxGeek
Rating
No. Not until she gives birth. The person (or married couple) claiming the child as a dependent will get a personal exemption for the child and possibly qualify for a Child Tax Credit and Earned Income Credit (for lower income individuals)

See IRC section 151 for dependency rules.

Any tax advice included in this written or electronic communication was not intended or written to be used, and it cannot be used by the taxpayer, for the purpose of avoiding any penalties that may be imposed on the taxpayer by any governmental taxing authority or agency.


Judy1
No, but when you file next year you'll get an exemption for the baby, and be eligible for the child tax credit.


Molly
Rating
Nope.
You need a child to be born and have a social security number to claim the deductions.


MissV
Rating
After the birth.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.004
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy