 Can I claim myself as a dependent on my tax return if my parents already have? |
| I'm a 22 year old college student and my mother claimed me as a dependent on her tax return because I used her income to apply for financial aid. Can I still claim myself as dependent on my tax ... |
|
 Tax Help, Please ... What STATE form do I use if I've used a 1040EZ for Federal? |
I am in California if that makes a difference.
Additional Details
Thank you to everyone with your quick responses.
Just_Wondering ... thank you for including the website ... ... |
|
 Do I have to claim money given me by mother in law to help with bills.? |
| My mother in law moved in with us 2 years ago and has been giving us $200 a month to help with food and bills. Do I have to claim this as income?... |
|
 On savings accounts, how much interest do you have to earn in a year to have to pay Capital Gains taxes? |
| For example, say you have $5,000 in a 5% interest savings account. Which would be $250 in interest a year. At what amount do you have to pay capital gains tax?... |
|
 Didn't file Taxes in 2008? Where do i go from here? |
| Yeah i didn't file taxes this year. I was 17-18 last year and i didn't work the full year. But i was working full time for awhile only making around minimum wage. So i dont have a clue as ... |
|
 What bills do Americans pay? What state are you in? |
In the UK we pay -
*income tax & ntional insurance (directly from our wages/salaries) graduated from 22% up depending on how much you earn.
*stamp duty on property
*council ... |
|
 What is a tax return? |
| i dont understand any of the tax laws. except i have paid it and would like some back if im intitled to it. can some one explain how it all works for a employed worker like me.... |
|
 Can an individual open and run two firms or more,in india ? |
| Are there any sales-tax or income tax implications in such cases ?... |
|
 Do we need to pay tax for interests earned from accounts in CITIBANK? |
| I was told that we do not need to pay interests for accounts in domestic banks. Not sure about it.... |
|
 Home mortgage interest (taxes)? |
| I have had a mortgage since 2004 and I've never had my mortgage interest deducted from my taxes. Is there a way to go back and have '04 through '07 deducted on one return? Or did I ... |
|
 Do more taxes come out of overtime hours? |
| I work for a communications company and everyone claims that over-time and double-time hours are taxed at higher rates? I have never taken the time to sit down and run the numbers, so I decided to ... |
|
 2008 Stimulus Tax Rebate i need help? |
| what do i do? I filed my tax back in January and had them direct deposited. Well do to recent fraud and Identity theft ( I know right a great way to start a year) my bank account is now closed. how ... |
|
 Can you claim an unborn child on your tax return? |
| My mother in law said that her daughter does this and she should know because she has a ton of kids (she is married and Mormon...will pop them out until she can no longer). Don't you have to ... |
|
|  |
kat99cp | Will I beable to claim mileage on my tax return.? |
I work as a contract worker. I recenly stated driving and meeting with clients that my boss used to meet with. Should he have to pay me mileage or can I claim the Mileage on my tax return? |
 |
 
Soror Kate ART VT
|
He can pay it, but it is his choice. If your employer does not pay it, you may be able to deduct the mileage on your return. You would do this by using a form 2106 (Employee Business Expenses). The 'bottom line' of this form is then carried to the Schedule A (Itemized Deductions). Then, if you have enough deductions to exceed the standard deduction for your filing status, you're in.
Sounds complex, but it really isn't. Just be aware that there can be depreciation on the vehicle (more deduction), and that you can claim actual or standard expenses. There is also a seperate place for you to claim parking, fees, tolls, etc. on the 2106.
Also, be aware of any increase to your car insurance premium that is attributed to using your vehicle for work. This may be deductible as well.
I want to add that recordkeeping is crucial. You need to keep track of not just business mileage, but the total mileage on the car for the year. In some cases this is necessary to compute the percentage of business use. Just get a logbook (my local tax office offers them for free), and keep it in the glove box. If you think you might claim actual expenses, keep all receipts related to the automobile's maintenance and upkeep, as well as gas and oil. Reconcile them once a week or month, depending on usage, then you'll have it ready to go in January. |
|
billyandgaby
|
He doent have to pay you, but he should reimburse you and then deduct it himself.
If he doesn;t it you CAN claim it on your taxes. There is a line on the 1040 schedules for mileage not reimbursed. Legally, you can only claim mileage after after one stop. You cannot claim it to and from your first location each day, unless it is not your office. your boss should sign off on your mileage log to avoid an audit |
|
hawt2trawt
|
As long as it's work related you can, lot's of people do! |
|
Mathew
 |
who claims the mileage depends on who pays it. The question as to your employer paying or you, that is something that should be agreed upon by the two of you. It is to your advantage if you can get him to reimburse you the 44.5 cents a mile authorized for business miles. Since that is a reimbursement your do not need to claim that amount as income. If he were to pay you more than the 44.5 cents you would claim that as income unless you could show actual expenses for the excess. He can claim what ever he pays you on his tax return. |
|
T H
 |
If you claim the mileage yourself, you need to keep a log of every mile you put on the car. It should have detailed info on the business usage, such as beginning miles, ending miles, where you went, who you saw, etc. |
|
flsunfungirl
|
call the irs and ask them its a 1-800# |
|
longroad
|
You can claim the mileage when you pay, if employer pays they claim the deduction. |
|
INACTIVE
 |
You cannot both claim it so I would think it's to your advantage to claim it yourself. There may be other deductible expenses that you can claim also providing you are getting a 1099 instead of a W2 for your compensation. One deductible expense regardless is a qualified tax accountant so I would suggest you see one at tax time. Keep all of your receipts and then you can also deduct his or her fee as well. Once you know what you can and cannot claim, next year's taxes will be even easier to figure on your own. Don't settle for a quickie tax preparer... go for the best!!! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 19 minutes(s) ago
| | | |
8 | 28 minutes(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
8 | 7 hour(s) ago
| | | |
8 | 9 hour(s) ago
| | | |
8 | 10 hour(s) ago
| | | |
8 | 1 day(s) ago
| | | |
8 | 2 day(s) ago
| | | |
8 | 3 day(s) ago
| | | |
8 | 5 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
