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 Is it the LAW to use the itemized deductions even if you don't want to?
my question is simple: do you have to take the itemized deductions deduction (assume your deductions the std. deduction [interest and real estate taxes])?

By law, do you HAVE TO take the ...


 What do you think of Bush's recent recommendation to privatize Social Security?
...


 Anyone with last two of ssn ending with 10-20 get their paper rebate checks yet.?
Just wondering casue I got a notice that I should get mine by friday. And hubbys last two is 16
Additional Details
yea did the where's my rebate thing says its going to be mailed on ...


 Where does UK government borrow money from?
...


 Can I claim my mother as a dependent? She lives in Mexico, I support her financially 100%?
She does not have a SSN, she lives in a house rent free owned by me. I do have records of me wiring money to Mexico every month.
Thanks!
Additional Details
nite_Angelica, it's ...


 How much tax money do i get for 2 infants?
...


 What would you feel like if you only had a dollar to live on?
Think about this...If you only had one dollar to buy your food and clothes..how easy do you think that would be?? Not very easy at all. So i want to know what you would do....


 Whats my tax rate?
i am working a lot and trying to ave something right now for a year or two. I am working around 80 hours a week.

my earnings:

1st job: 35 hours per week-- £14000 per year
...


 Is it true the richer you are the less you have to pay for taxes?
i was just wondering.
im writing a paper on eaqulity and ya
Additional Details
im trying to make apoint in like america how we arnt totaly like everyone ...


 Where's my Stimulus Payment?
I owed money on my taxes and sent them in mid April. The check that I wrote to pay my taxes cleared my account on April 15. The last two digits of my SSN are '00', so, my stimulus check ...


 What happens if you dont file your taxes on time??
I was thinking it was gonna be a serious pain in the *** to file my taxes this year cuz i lived in 2 different places and worked at about 5 different places. Doesnt the IRS just send you a bill with ...


 Is there a way to get rid of owing federal tax?
I had small personal business.I used my social security number for tax purposes. My partner has deseased. Now I owe about 260,000 dollarars.Did not file tax returns since 1999. Trying to file ...


 Do you have to report profit from sale of a real estate? Some were spent to pay for charges on remodeling?
I sold a house in 8/2003 with large profit and has been unemployeed/student until now. I didn't report the profit in 2003 and bought a house 8/2005 with that profit. I'll start work next ...


 Will I get a refund?
I am currently not having any federal taken out of my paycheck each week because of the number of exemptions I have (I have 5 kids and am head of household) Will I get a refund this year?...


 Whats the benefit of living in a state with no income tax?
...


 Will my friends refund be garnished??
My best friend is currently getting her wages garnished from a student loan. She is about to file her taxes, but isn't sure she is going to receive any money back because she still owes. Will ...


 If you knew someone who bragged about not reporting all their income to the IRS, would you report them?
A co-worker of mine makes a decent salary and her husband, who is self-employed, makes a very good salary. They have a huge house, a boat, several cars, condo, etc. She is constantly scamming '...


 Who do i contact about changing my tax code?
its on emegency tax! also, i have two new jobs so i need to fill in the appropriate forms but don't know where to get them....


 What did U do with your Tax rebate money?
Spend or Save?...


 The tax rebate: I do qualify, when will we get it? will it be included in our tax refund?
or will it com seperately?...



mike
What should i do with my tax check?
you see i filed my tax check and get the federal part back what should i do with it?

any suggestion is fine
                     
 




Aaron
It really depends on your overall financial position. Since you've posted the question, you probably are pretty average (ie, not incredibly rich and financially savvy). You most likely have some debt outstanding. People will suggest that you invest, but it would be much better to put it toward a 7% car loan than put it in a 4% CD.

Of course, depending on how much it is, it may be best to go spend it on something fun for yourself. We got $3600 back: spent $400 on some shopping and a night out, put $1000 in a CD, and used the rest to pay off a loan.


fungusbrains1
Bank it and save it for an emergency or a great sale.


kadel
Put it in an IRA. You will get a tax deduction for 2006 and you will be saving money for your retirement. The longer the money sits in the account the more interest it will draw.


quatt47
Endorse it and send it to me. I'll find a use for it!


Doctor J
Rating
Invest it intelligently for your future!


Redeemer
Rating
Buy stuff!


litlebit_bulldog
Rating
Send it to me. Still need some Katrina clean-up money...


hahne59
Put it in the bank and make sure that you never give the government another interest-free loan. They can spend whatever they want with no accountability. Make sure you never overpay taxes.


dchanced1
pay off some bills and bank whats left


Jim bob
Invest it in a mutual fund, do the same thing every year, you will build a nice nest egg!


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