The IRS Deductions Blog

Archive for November, 2008

Question: i broke fone. i have to pay a $80 deductible. Wld it b better if i take it up to tmobile? i have insurance?

i dropped my phone and i had to make a claims. The people at the claims dept, said that i had to pay a $80 deductible. I have insurance on my phone, wld it be cheaper to take it back to tmobile, wld they replace the phone for free

Answer: No I bet they don’t replace the phone for free. You could always go on Ebay & see if you can get a cheaper phone. The insurance doesn’t always send you the same phone either. I have found from personal experience they try to downgrade you. If you pay for the deductable don’t allow them to downgrade you. Keep sending it back & report a problem until you get a better phone.

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Exciting Opportunity Overview

Question: Does anyone know if funeral expenses are deductible as far as taxes go?

Answer: No they aren’t if paid by someone other than the estate. But if the estate pays them, they’d reduce the value of the estate so if there were any estate taxes due, then the taxes would be reduced.

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2003-12-05 Friday, December 5, 2003

The Estes Valley Community Services Coalition was in retreat Wednesday, but not from the issues that face the community.

Long Beach Gang Awareness & Prevention Short Film (In Memory of Melody Ross) Part 3 of 3

Question: What kind of Dental Expense eligible for Income Tax deduction?

For dental procedures like teeth whitening, Lumineer, which done by licensed dentist but for cosmetic reason more than medical necessities, are they eligible for claiming income tax deduction under the Canada Income Tax Act?
Is there any stipulation for medical necessities in the Canada Income Tax Act for dental expenses?
Thanks your for your help.

Answer: I can’t find anything in the interpretation bulletin that says this procedure cannot be claimed. Dentists are on the eligible list.

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Shaking it off

The first half of the year saw the city’s manufacturing sector continue to struggle as the global recession took hold. Layoffs continued to haunt Welland’s once-storied plants and factories, until stimulus funding from upper-tier governments began to restore confidence in the year’s second half.

President Obama Holds a Health Care Town Hall in Montana

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What’s going on at the Irvine senior centers

Lakeview Senior Center is at 20 Lake Road at Alton Parkway in Woodbridge. Information: 949-724-6900. Rancho Senior Center is at 3 Ethel Coplen Way, near Rancho San Joaquin Golf Course. Information: 949-724-6800. NEW YEAR’S RESOLUTION Get a fresh…

Online Tax Return – Fast Tax Refund – Free E-File

Question: would u buy ur kid a condo if she is in college and u could afford it?

we think paying rent is wasting money. instead want to buy her a small condo. she can live there with at least one other friend who will pay rent. the mortgage will be offset by the renter. we can declare it a second home and take 50%deductible in taxes….is this an idea …or what…she has at least 3 years to go in that school

Answer: I would do it. but i too would have my child contribute to the rent and utilities to learn responsibility. Many times the cost of buying versus renting or utilitzing college housing can be less expensive. Plus you have the added benefit of recouping your costs when you decide to sell.

As for the roommate issue mentioned earlier, should she move out before the 3 years are up, i’m positive that she can find another responsible roommate.

I think it is a wise decision and well worth looking into.

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Briefly: March 27

Read about what’s happening in and around Plymouth.