 OOPS...I owed $ for my taxes and the check bounced. Now what??? |
| I just realized that I sent in an old check for my taxes...it's an account that I only keep a few dollars in. Therefore, the check bounced. I only owed $100, but still! So now what happens? W... |
|
 Ok so i did my taxes today @ jackson hewitt.. and the person who did my taxes said that i will receive ...? |
2 checks from mail... one check and then one other after a while..
irs or something can u tell me how long does it take to get the checks thank ... |
|
 I'm having emergency tax taken from me, I don't think this is right? |
| I've noticed over the past few months that my tax payments have gone up quite a lot. I also noticed that my tax code had changed. I decided to look up the code and I'm on emergency tax! T... |
|
 What is the standard number of work hours per week in the UK? |
(Not the maximum, the standard) =D
Additional Details
For an IT position (so like a programmer etc.), sorry forgot to add that.... |
|
 Will I be able to claim my unborn child when I file my taxes? |
| I am currently 6 1/2 months along. My due date is late Feb. Now I think I wont be able to but I'm not sure.... |
|
 What tax form should I use? |
| This would be my first time trying to file my taxes on my own. I'm married and have two kids. I own my home so I will be itemizing my deductions. What is the best way to file, e-file, paper, tax ... |
|
 What is classed as low income? |
| HELP PLEASE.............please can anyone tell me what is actually classed as low income, i about to claim help with council tax i dont ask for much honest, but at £113 a month we are sruggling im ... |
|
 Haven't Filed Taxes in 5 YEARS? |
| My fiancee hasn't filed his taxes for the last 5 years. he worked for a construction company that paid him with a business check and no federal/state/social security or anything else was taken ... |
|
 College student who is a dependent getting a stimulus check? |
My mom claims me as a dependent on her taxes because I am still a college student. I file as single and as the dependent of my mom.
Will I still be getting a stimulus check if I am a ... |
|
 Who's responsibilty is it to ensure an employee is paying tax? |
My brother is working cash in hand and has been for over a year... With no contract.. (he likes the job etc and for obvious reasons hasnt questioned the employer!)
I worry for him that if ... |
|
 If I have a joint account, can my taxes...? |
| Ok me and my boyfriend have a joint account through bank of america, if we file taxes as single can I still do my direct deposit into our joint account? Or will i need a separate account with only my ... |
|
 Right i know this sounds daft,but when u get ure petrol and its £1.07.9, where does this .9 come from? |
| I know i`m old fashioned but why don`t they just charge u £1.08 pence,doesn`t that make more sense,i mean,u dont get £0.001 pence change,r they robbin us of this point 1 of a penny,i know its daft ... |
|
 Can Fairies Menstrate? |
| The fairies from Legend Of Zelda.... the ones that follow you around that you catch in little bottels. Can the menstrate?... |
|
 What can I write off on my taxes for my business expense? |
| I moonlight as a dancer at a nightclub. A fellow dancer told me that I could write off business expenses relating to my career. Can anyone tell me if the following are eligible to be written off on ... |
|
|  |
CzaLeo | Paying your property taxes? |
Lets say you pay $3K on your taxes a year when Income Tax rolls around does the IRS give you some of that money back or what?
Additional Details
Yes thats my taxes due in November of this year, have 2 kids own a home and married. |
 |
 
PepsiLime
 |
You don't get a direct refund on your property taxes on your federal return, but instead claim them on Schedule A - Itemized Deductions under Taxes You Paid - Line 6 - Real Estate Taxes. If the Property taxes you paid, plus all the other Itemized Deductions are greater than taking the standard deduction (which differs depending on marital status, age, and if legally blind) then you can claim Itemized Deductions instead of taking the standard deduction. So, indirectly through the Itemized Deductions you do get a % of your property taxes back, and the % would be equal to what your tax bracket is. If you are in the 15% bracket, you'd get 15% of your property taxes back. But if you don't itemize, then you don't get any benefit from paying your property taxes. |
|
wish I were
|
you do not get refunds on personal property taxes. You can deduct them from your income tax. |
|
RUNINTLKT
|
Not if you owe it.
They'll take it and send you a bill for more! |
|
lunatic
|
Yes, if you itemize your deductions, property tax can reduce your tax burden. |
|
Judy1
 |
If you itemize, you can take a deduction for real estate taxes that you paid that year - also for mortgage interest, and for a number of other items not related to your home. If your itemized deductions total more than your standard deduction, then you will pay less in taxes because of those deductions assuming that you have any tax liability. So in essence you would get some (generally a small portion) of your taxes back.
If you don't itemize, then you get no income tax benefit from paying the property taxes. |
|
ed
|
You DO NOT RECEIVE A REFUND on taxes.
What you do get is a deduction from your gross income of the amount paid, less any other deductions. This results in your adjusted gross income, subject to the tax percent related to the total adjusted income.
If you are in a 20% tax bracket, you save 20% of the taxes paid.
The bracket may be higher or lower, then you would save that percent. |
|
bull_rooster_aardvark
 |
You mean you paid 3k real estate taxes during the year. Assuming these were real estate taxes they are deductible on your IRS return. The only exception I can think of would be on your third personal house (ie all investment/ rental property taxes are deductible as are taxes on your own home and even on your 2nd home). So if you had a main house, a beach house, and a mountain house and these were all for personal use; then one of the last 2 houses would not be deductible. Heck, if you've got 2 houses just for fun beyond your main residence you probably don't need the deduction anyhow.
PS - This assumes you itemize, not sure if you can deduct these taxes if you don't. |
|
tool
|
Depends on your situation and income. I would say if you are making under 50k a yr then if your income tax is 3k you should get some back or owe lower pending on your circumstances.
Taxes suck! But I like our military, roads and firemen! Too many street signs though-we could save on that ****! |
|
ianrothman
 |
Property taxes are deductible on your federal taxes. That means you may owe less to the IRS or your refund may increase when you file. |
|
Nancy Kay
 |
Yes, real estate taxes paid are deductible on your federal income tax return. May also be a deduction on state return, but may vary fron state to state. |
|
lane
|
no way...I wish! Its not a deduction |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 22 minutes(s) ago
| | | |
11 | 23 minutes(s) ago
| | | |
11 | 35 minutes(s) ago
| | | |
11 | 1 hour(s) ago
| | | |
11 | 5 hour(s) ago
| | | |
11 | 8 hour(s) ago
| | | |
11 | 10 hour(s) ago
| | | |
11 | 11 hour(s) ago
| | | |
11 | 2 day(s) ago
| | | |
11 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
