 How much do you pay for a pack of cigarettes in your city? a Carton? |
| I am doing a research paper on the sin tax of cigarettes and would like to compare the prices of cigarettes in my city to those around the U.S./World. So How much do you pay for a Quality Pack of ... |
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 Why do my husband and I owe so much in federal and state taxes? We hardly make any money!? |
| My husband and I both live and work in Kansas. We made a COMBINED $42,658 in 2007. TaxACT says that we owe $1,082 in federal taxes and $319 in state taxes. I don't understand. Would it be better ... |
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 I am married and have 3 kids, what should I claim on my taxes? |
| I'm reading alot of dave ramsey stuff and he says that if you are getting a huge tax refund, you are lending the goverment money tax free. I was thinking about claiming 10, so I would have more ... |
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 Can I claim many W4 allowances, then put extra cash into savings, then after paying taxes, keep the interest? |
| If I keep every cent, I can earn interest on it instead of uncle sam, then I'd still have enough (assuming I had the discipline to not spend it!) to pay everything I owe in April. I'm ... |
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 What is a reasonable mileage allowance to expect per mile? |
I will be travelling about 500 miles per week to work and back and i am going to be paid for this.
Additional Details
This is MOT for business use, only to travel to work and ... |
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 Is everyone getting the tax rebate? |
| my parents don't think they are getting anything ... |
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 Okay, how long should it take for this check to get here? |
| My rebate check was mailed out on Friday. It's been 5 days. I thought it would AT least be here by today. The IRS website says expect it 3-5 days after it's mailed. Today is day 5 and I ... |
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 Since the kiranawallas and the vegetable retail shopowners do not pay taxes why we should support them? |
| The kiranawallas and the roadside vegetable and eatable vendors do not pay taxes which is a big revenue leakage for the govt. The big retail chains will give employment, pay taxes to the govt. ... |
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 Why do our taxes pay fof puplic access tv when no one watches it? |
i can honestly say that i dont know anyone that watches puplic access tv so why does the government make us pay for it
Additional Details
i meant to say "for" instead of "... |
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 We bought a house last spring. How does it affect out income tax return? |
| I have heard from some sources that we will have to pay, but have heard from others that we will get a return. We both claim '0' and both had an extra $5 taken out of each check for federal.... |
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 Do I have to pay tax on sales from a website? |
| Im looking into making a website that will take in less than $10,000 a year in sales. Do I have to pay tax on the items I sell? and if so how much and how to I register?... |
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donthatemecuzuaintme | OK, I am claiming the 'standard deduction.' Does that mean I can NOT claim anything else? |
What about things like medical expenses |
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Tomk
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Not necessarily. It depends on what you mean by "anything else".
If you qualify, you can take all the following whether you claim the standard deduction or not:
Interest paid on a student loan.
Child Tax Credit on your qualifying dependent children
Earn an "earned income credit"
"Educator expenses" if you are an educator
Your moving expenses
Tuition and fees deduction
Credit for child and dependent care expenses
Credit for the elderly or the disabled
Retirement savings contributions credit |
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Audrey A
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You can either itemize your deductions, or take the standard deduction. If you take the standard deduction, you don't have the option of claiming deductions like medical expenses, mortgage interest, un-reimbursed work expenses, etc.
Its either/or, unfortunately. Add up all your itemized deductions and see whether they add up to be more than the standard. If they do, itemize. If not, take the standard deduction. |
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jwishz
 |
If you are taking the standard deduction you may not also itemize deductions
This is a link to the IRS website which, in plain English, discusses standard vs. itemized deductions
http://www.irs.gov/taxtopics/tc501.html |
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ajsmommy
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I believe if you claim a standard deduction you cannot claim medical expenses.
Medical expenses also have to be over 7.5 percent of your adjusted gross income to be claimed - if you itemize. |
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tlbs101
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You either fill out Schedule A, or you take the standard deduction. You can't do both.
Thank goodness I have enough deductions this year that I can fill out Sch. A.
. |
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Judy1
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You can't claim medical expenses if you take the standard deduction. There are things you can still claim though - student loan interest is one. |
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Terry H
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You're correct. If you claim the standard deduction, you can't itemize. However, some things are separate from that category, and can be applied to reduce your payment. For example, student tuition is considered a separate category.
For federal return, even if you itemize, you can usually only claim medical expenses if they exceed 7.5% of your income. For your state return, you may be able to claim them even if they fall below that threshold (in Arizona, you can).
Check out the federal website, and download the form for "Instructions for 1040". It will tell you the rules about deductions, etc.
http://www.irs.gov/formspubs/index.html |
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Mary Jo W
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possibly can.
you can deduct your IRA abd HSA contributions.
charity donations as well |
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Walachka
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if your doing your taxes online ( which I suggest easy steps) it should tell you. Im not exactly sure but I know if your a dependent of anyone or can be claimed as a depended you cant claim any deductions.. anyways I do my taxes on taxact.com or turbotax.com |
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