 What is your gross yearly income, and what is your age? |
Also, are you a high school graduate, college graduate, doctor, etc.?
Additional Details
What level of education have you attained?
I am 21...high school graduate, some ... |
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 Should i claim incapacity benefit? |
| I left work due to bullying and am now on income support. I am finding it hard to make ends meet and really need to get back to work. The effects of the bullying, however, have hit me hard and i ... |
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 Income tax?? |
| ok this will be my first time doing my income taxes and im pregnant my baby is due on feb 10th can i file after hes born and add him as a dependent??... |
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 Tax rebate amount wrong?? why?? |
| Myself and my husband filed a joint return, we had 4 children at the time. (we just had our fifth last month) 2 of which are my husbands from a previous marriage, she claims one and he claims one. ... |
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 How can I save my Taxes. ? |
I am single, hv no dependant and just relocated to Missori, US.
I am staying with my friends in Kansas City MO.
Still confused with US tax rules. Dont know what is IRS, moving expenses and ... |
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 Tax Refund Direct Deposit Question....? |
| Our taxes were accepted electronically the morning of February 2nd. The IRS site said that we'd receive it by the 20th. Possibility of it being deposited sooner?... |
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 Have you already recieved your Stimulous Package Refund check? |
was it for the amount you were expecting? More or less?
(I've been hearing some stories that people aren't getting what they were originally told)
Additional Details
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 My parents gifted me $24,000, now they want it back. Can I return the money with no tax consequences? |
| My parents gifted me $24,000 ($12,000 / each) to help me buy my first house. I recently sold the house after just over a year of ownership because plans in my life have changed. My parents are asking ... |
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 What is the tax law? |
| After nearly 5 whole generations of people, in the USA have been conditioned to pay income taxes, can ANYONE, anyone at all, show, in the federal lawbooks, where I or anyone else MUST pay an income ... |
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 Anyone know how i can track my tax return delivery? |
| Or any way i can find the delivery date? Thanx in advance.... |
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 Stimulus package question...? |
| My parents filed their 2007 taxes and would like to know how much they may get. They are married filing jointly. The income is $19,460.00. My sister and I live with them as dependents and we are over ... |
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 Has the UK become an "I'm alright Jack" nation? |
| Sounds like it with the answers I've seen this morning! As long as you're alright !... |
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 Stimulas package ?? |
i owe student loans; i need to know if the fed's will take my stimulas package for what i owe on my loans.??
i have heard that they will & that they will not.
does anyonr know ... |
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 Tax deductions- adult children? |
| My two sons (20 and 21) are still living at home. Each earned a little over $3500 last year. I provided 99% of their upkeep including room and board during 2006. Can I claim them on my tax as a ... |
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t_williams_1 | Last year (2006), I paid a tax debt for 2002 and 2003 including penalties and interest.? |
Is any of this tax deductible? |
 |
 
Rob
 |
No Federal Taxes, penalties and interest are not deductible
on the Federal Tax return |
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Judy1
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No it isn't if it was federal taxes. If it was state or local, then if you itemize the part that was the actual taxes (NOT the interest or penalties) can be deducted. |
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bostonianinmo
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Federal taxes are not deductible, whether they're paid on time or not.
If this was a State tax debt, the taxes paid are deductible if you itemize your deductions. Any penalties and interest are not deductible. |
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vegas_iwish
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You can't deduct fed taxes,penalties, interest on fed tax - no. Would make no sense. |
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tma
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you can list any state taxes paid on Schedule A and deduct on your federal return.
federal taxes paid, interest, and penalties are not deductible. |
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Joseph K
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Assuming you are talking about Federal personal income tax (IRS Form 1040), no deduction for any of it. Federal tax is never a deduction, penalties are never deductible because it is a charge for breaking the law, and the interest would not be deductible because it is "personal" interest, which lost status as a deduction many years ago.
If it was state or local personal income tax, the tax portion would be a deduction on your federal return in the year paid, but the penalties and interest would not. |
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phillygirl_1982
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You will need a 1040 or a 1040A and Schedule A form. You cam on claim state payments that you owe and not interest. You can not claim a deduction for anything paid to the IRS. |
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Brian G
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You can get a credit against your federal taxes for payment of states taxes, but you cannot get a credit for federal taxes against federal taxes. If that was the case, nobody would ever owe any taxes. |
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kokopelli
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HAH! You wish. Don't expect them to reward you for being a deadbeat. |
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