 Taxes in first year of home ownership? $9,000? What to do to? |
| We bought a house last october and with the economy went bad. We are making all od our mortgage payments on time no problem including insurance, electric, water, gas, etc all on time. But we got hit ... |
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 Can two people live in the same household claim head of household on a income tax refund? |
| If you are not married but live together could each person file seperately and both claim head odf household? Or can only 1 person from a household claim head of household?... |
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 Is you are married..can you file your taxes separtely? |
| I am married but want to get my own separate tax refund back i dont not want to put my husband with mine, would it be illegal if i didnt include him on my return? im asking bc we arent together but ... |
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 I owe some taxes, irs or tax consultant? |
| Ok heres my question i owe some taxes, not alot just more than i can pay. I did file and have now received a letter from irs. If I make payment arangments Ill be paying more penlties and interest ... |
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 Turbo tax or H&R block? which 2 use? |
| im new to taxes im 19 and i was wondering who does a great job with taxes and i keep hearing about these two companies and i was wondering if anyone use one of these and if they like it?... |
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 I need to give my mother a monthly sum of Rs 10,000 for her medication,food and shelter.? |
| Would the annual sum of Rs 1,20,000 be exempted from my income tax? What are the formalities for the same?... |
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 If I make a $5,000 bet in Vegas, do I have to pay Taxes on the winnings? |
| How does that work? Do you need to fill out paperwork? How much are you taxed?... |
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 Is money I donate to my family during a hardship considered tax deductible? |
| Is money I donate to my family during a hardship considered tax deductible?... |
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 What is the allowable deduction per mile for an expense report? |
| I need to fill out an expense report for work. It has been a while since I have had to do that and I don't know the current deduction for mileage (cents per mile) in the US.... |
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 I made 26,575.54 and had 1655.00 in federal taxes taken out and 378.01 in medicare roughly what will I get bac? |
what will my return be if i made 26,000.00 and had 1650.00 withheld
Additional Details
i claim head of household and 2 on th ... |
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 How to decrease tax withholdings on W2? |
| How do I decrease the amount of money that is withheld from my paycheck every month? I want the most money per month possible. What allowances/exeptions do I write down?... |
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 Do anybody know why the rebates arent being deposited? |
Additional Details
I heard that if you had fees taken out of your refund that it wont be deposited, youll get a paper check!!! If thats the case I got more than a month to wait for mine!... |
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 I received a second letter from the irs stating that I should receive my rebate by the 16th...? |
| However the 16th has come and gone, and I was wondering if maybe they worded the letter incorrectly, and meant to say that it will be mailed by the 16th..the last two of my ss# is 02..I know that ... |
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 Joint tax return re:IRS Stimulus check: SSN last two digits used for deposit status? |
| We filed a joint tax return, does anyone know if the IRS Stimulus checks are deposited based on the first SSN entered or on the second SSN entered? My husband's SSN ends in 06 and mine in 27. M... |
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phoward777 | Tax write off for giving a car to a person? |
I have a car that is paid off. I know a family that is in desparate need of a car. The car has a value of around 8k. The family could not afford to make payments. If I give them the car, can I use the gift as a tax write off? |
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lint
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Nope, they are not a qualified orginization. But it will make you feel all warm and fuzzy if you do. |
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skipper
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No. Only gifts made to charitable organizations and then, only if you itemize rather than take the standard deduction/ |
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shelcom
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No. Only donations to registered non-profits are deductible. |
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CarVolunteer
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I work on a committee that accepts car donations and gives them to needy families. We have been asked this question several times. The answer is NO. You also can't get around this by donating to an organization with the understanding that they will then give the car to the family you have in mind. They would be breaking the law and putting their own program in jeopardy. |
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randy
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Nope, it has to be a legal tax exempt orginasation. Sorry, nice thought though. |
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Judy1
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No you can't write it off, although it would be a very nice thing if you gave them the car. You can only write off contributions to approved charities - and even then, if you designate the gift to go to a particular person or family, you can't write it off. |
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bostonianinmo
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No, there is no deduction for giving a vehicle to a family member. Only donations to registered charities are deductible. Not merely non-profits as there are plenty of non-profit organizations that are not registered charities.
As long as the value is less than $12,000 you won't trigger a Gift Tax event so you need not worry about that either. |
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Russ B
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No
And you can't even give it to them thru a charity.
The only way to legally do it is if the family establishes a Non-Taxable Charity...then you could donate it to them and receive a tax deduction.
Oh, did I mention that even if they do this there are special rules for cars. |
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Alterfemego
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I believe so, but you might want to check as to that value. It may have to be "Blue Book" value based on condition. |
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