 Should we hire a tax attorney ? |
| The IRS placed a levy on my daughter's paychecks today. She hasn't filed a tax return in nearly 15 years. Should she hire a tax attorney , or deal directly with the IRS to resolve this ? F... |
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 What do uk mean when they say 'annual salary'? |
| lets say one's annual salary is 30,000 pounds? does the employer pay all in advanced at the beginning of the year?? or what??... |
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 Do I have to pay taxes? |
| I am 16. A friend and me mow yards during the summer, and make somwhere around $500 each. Do I need to pay taxes even though I'm only 16?... |
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 Taxing the rich and poor? |
| Hi guys,right im writing this arguement 'why its right to tax the rich a higher percentage when they earn other a certain amount then the percentage you get taxed under a certain amount. I think ... |
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 Only answer if u TRULY kno? |
i got my tax return direct deposited will my rebate check be direct deposited too?
thanx in ... |
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 Live in one state, but work for a company in another. Who's state tax do I file under? |
I work for a university in Michigan. I'll be moving to Hawaii in a few weeks. It's a permanent job. My question has two parts:
1. Will I have to file 2 state tax returns for the ... |
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 Are we going to lose out on our tax return just because we got married? |
| Last yr my tax return was around $4500 and my fiance's was about $3700 thanks to EIC. Now I'm finding that because we got married we cannot file separately if we want EIC. We have to ... |
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| My son is 18, living at home.. been working for the last 5 months can claim taxes this year, can i claim him? |
| My son is 18, living at home with me. He has been working for the last 5 months and can claim taxes this year. can I still claim him this year also?... |
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| IRS agents: Is there any law in fine print that tells me I have to pay my federal income tax? |
| As far I as I am understanding, there really isn't a law. Should I stop paying my federal income tax?... |
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 Pelosi says more stimulus needed, Bush "in denial"????? |
do u guys agreed that we do need MORE stimulus payment??
http://news.yahoo.com/s/
for me to be honest.........what i think they should ... |
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 I married on 11/20/06. I legally changed my name.1 of my w2 statements has maiden name. Do I need new w2? |
| I held four jobs in 2006. I was married on November 20, 2006. I changed my name with social security in mid December. I received a new social security card with my married name. I contacted all of my ... |
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 If I owed money, will my stimulus package come in a paper check? |
| I owed money this year but received that note saying how much money I will be getting for the stimulus package. My mom told me (who did my taxes) that she had my direct deposit info listed but it'... |
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 What''s the worst that could happen, if I lost my social security card? |
| Pretty much, what is stated above. ... To me, it almost sounds like it would be beneficial to hand out my social security card to illegals. I know how bad this sounds, but with what I am told.. it ... |
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when and how | Tax Question: If I pay my own health insurance premiums, is it tax deductible? |
I do not get the health insurance that is offered through my employer. I get my health insurance on my own and pay for it with my money that taxes have already been taken from. So I am paying with Post-income taxed money. |
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Mr. Zimmer
 |
It sounds as though you may be able to as long as you itemize and meet all the other criteria. See the link below for more details. |
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D
 |
It could be tax deductible under the medical deductions if you itemize and it is over 7.5% of your AGI |
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Molly
|
Yes, they are!
However, they are subject to excluding amounts less than 7.5% of AGI.
See the instructions for schedule A concerning this. |
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blondie172
|
Your medical expenses have to exceed 7.5% of your adjusted gross income. For example, if your income is $10,000 - you can only deduct the expense portion that is greater than $750. If your total expenses are $2,000 - your deduction is $1250.
http://www.irs.gov/publications/p502/ar02.html#d0e299 |
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all_attitude_baby
|
If you don't itemize, you might want to look into opening a HSA (health savings plan.) The account is paid with pretax dollars, so it may or may not be beneficial for you. Seek advice from a financial advisor for more info. |
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Mariposa
 |
Yes, there's a certain minimum amount. I can't remember what the amount is, it's around 7.5% of your income. Turbo Tax does ask this question as part of it's deduction finder. You can also add in the amount you paid for co-pay on your doctor's visits and bills. |
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justanotherhippi
 |
If it is, I'm gonna kick my own butt for not looking into it back in the day when I was paying out of my pocket for it. Good luck, dude. |
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non_apologetic_american
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Yes, all money paid for medical costs, including medical insurance, co-pays, rx, etc can all be tallyed and serve as a deduction in your income taxes. However, there is a certain amount that is stated as a percent of your income that the total has to hit before it can count as a deduction. I think it is something like 10% of your gross income, which for most people is a lot. |
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Mike S
 |
I've done the same... I'm told I can't deduct by my tax preparer. Sorry. |
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Nette
|
You can take it out if you itemize your deductions, if it's over a certain percentage of your income. It's always best to get Tax software to determine if it's best to itemize or not. |
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