IRS Tax Return Tips and Tricks » 323

is there a tax deduction if you have a child with a disability?

admin — Thu, 29 Jul 2010 10:32:14 +0000

is there a tax deduction if you have a child with a disability?

What does it mean if I am fat and I eat a lot and I never lose weight and I eat a lot? Do I get tax deduction

admin — Thu, 29 Jul 2010 02:29:16 +0000

What does it mean if I am fat and I eat a lot and I never lose weight and I eat a lot? Do I get tax deduction

Can I correct my deductions after filing my Federal Taxes?

admin — Wed, 28 Jul 2010 17:29:27 +0000

Can I correct my deductions after filing my Federal Taxes?

how to process a manual payroll check. what are the current deduction rates for taxes?

admin — Wed, 28 Jul 2010 17:29:24 +0000

how to process a manual payroll check. what are the current deduction rates for taxes?

Is there an income tax deduction (up to $10,000 per year per recipient) for gifts?

admin — Wed, 28 Jul 2010 08:29:13 +0000

I read somewhere that you can give your kids or anyone else up to $10,000 a year and deduct it from your income. If this is true, where can I find out the rules concerning this? Must it be business related?

Can a costly stock investing seminar/trading program be a tax deduction?

admin — Wed, 28 Jul 2010 00:30:01 +0000

My wife purchased a stock investing education program from Investools for $5400. Can this be written off on my tax return as a deduction?

i sold a home in CA. There was 3% withhold tax for CA. Can this withhold be deducted in fed income tax?

admin — Tue, 27 Jul 2010 16:29:38 +0000

when I calcualted the itemized deduction -schedule a

Tax question- what if my itemized deduction is higher than my adjusted gross income?

admin — Tue, 27 Jul 2010 08:32:07 +0000

This is like the first time I’ve done my own taxes. I just started a small business earlier this year. So do I just leave line 41 in the negative on the 1040 individual income tax return? Is this going to cause a red flag to go up in the irs office? I’ve got proof to back my figures so I guess I shouldn’t worry………..right? (biting lip)

Is there a charity that would take old Playboy magazines so that I can deduct the fair-market value from taxes

admin — Tue, 27 Jul 2010 00:31:51 +0000

I have a bunch that I want to get rid of, but I don’t want to simply throw them out and selling them on eBay or craigslist isn’t worth the time. The money I’d get would probably match the deduction I’d get for the fair-market value of the items. So, if there’s a charity that would take them, I could do this and be rid of them, but I can’t think of one that would take them. Certainly not the thrift operations, for moral and probably business reasons (lack of space).

So, can anyone think of a charity that would?

Tax Return Question?

admin — Mon, 26 Jul 2010 16:34:25 +0000

If my sister has filed her return and her AGI is $30,000 Flat after all deductions and she falls in to the 25% tax bracket… she gets a return of X dollars. If she decides to put a 1000 in an IRA and drop her bracket to 15% and her AGI to $29,000, how much more will she get on her tax return. Please define X + __?___ . Include calculation if possible. Thanks.
I apologize for not including more details. I meant to say that her taxable income is $30,000 after the deductions, not her AGI. Let me know if you need any clarification.