The IRS Deductions Blog » 2008

Tax Deductions For Self Employed Individuals

admin — Fri, 03 Dec 2010 03:41:28 +0000

Question: what IRS form do i file as a minister?as a minister i need to file a self employed individual income tax for $25.000, with no deductions, what form do i use? it’s just me and my money i don’t get no forms like 1099 from no one and i don’t pay anyone, i have [...]

Tax Deductions For Self Employed Individuals is a post from: The IRS Deductions Blog

Tax Deduction Medical Expenses 2009

admin — Sat, 04 Sep 2010 19:38:31 +0000

Question: what were the medicare premiums in 2009 for both A and B?I’m preparing 2009 taxes for my father was was deceased in Jan 2010. He had many medical expenses in 2009, so I’m claiming them for deductions. In the grand paperwork shuffle, I cannot seem to find any paperwork denoting the premiums for [...]

Tax Deduction Medical Expenses 2009 is a post from: The IRS Deductions Blog

Federal Income Tax Itemized Deductions

admin — Mon, 23 Aug 2010 22:23:53 +0000

Question: Help on Schedule A – Itemized Deduction?How do I get the value to put on Federal Schedule A – Itemized Deduction under taxes You Paid , Line 5 – State and Local Income Taxes? Where can I get the numbers to put there? Is it on my W2 Form? If yes, which boxes in [...]

Federal Income Tax Itemized Deductions is a post from: The IRS Deductions Blog

2009 Federal Tax Itemized Deductions

admin — Sat, 03 Jul 2010 04:06:22 +0000

Question: Frank is a resident of a state that imposes a tax on income. The following information pertaining to Frank’s?state income taxes is available: State income taxes withheld in 2009$3,000 Refund received in 2009 of 2008tax300 Assessment paid in 2009 of 2006 tax800 Assuming he elects to deduct state and local income taxes, what amount should Weber use as [...]

2009 Federal Tax Itemized Deductions is a post from: The IRS Deductions Blog

2008 Tax Itemized Deductions

admin — Thu, 24 Dec 2009 23:49:57 +0000

Every single small and home-based business owner can easily save thousands of dollars each year in tax savings alone. “You have got to be cRaZy not to have one” says me. Congress passed legislation that allows HUGE tax savings to encourage your success. They’ll even let you take Tax Deductions on losses from your home-based business, [...]

2008 Tax Itemized Deductions is a post from: The IRS Deductions Blog

2009 Federal Income Tax Itemized Deductions

admin — Sat, 19 Sep 2009 09:42:42 +0000

How to use the web’s most powerful software for automating important aspects of your business: Check the full report now for free!!!! Items on Amazon Right Now for 2009 Federal Income Tax Itemized Deductions: Ten Tips For Deducting Your ‘Hobby’ Here’s how to keep Uncle Sam from claiming your small side business is really a hobby.2009 Federal Income Tax [...]

2009 Federal Income Tax Itemized Deductions is a post from: The IRS Deductions Blog

Itemized Deductions 2008

admin — Mon, 26 Jan 2009 05:04:03 +0000

Question: Can someone need help with a real estate tax question?So, I paid my home’s 2008 real estate tax bill in January 2009. Can I claim the real estate taxes I paid in my Itemized Deductions for tax year 2008?Answer: No, you can only claim it in the year that you paid it. If [...]

Itemized Deductions 2008 is a post from: The IRS Deductions Blog

Tax Deductions For Individuals 2008

admin — Tue, 13 Jan 2009 15:04:57 +0000

Ever since the State stopped assuming that your only house is your primary residence, property tax bills shot up for everyone. Yes, if you have not declared the fact that your only residence is your primary residence ready yourself to cough up more in property taxes. The simple solution is to send in the Homestead [...]

Tax Deductions For Individuals 2008 is a post from: The IRS Deductions Blog

Tax Deductions For Individuals

admin — Thu, 27 Nov 2008 21:27:09 +0000

Question: Why do conservatives object to tax caps on health care plans?For starters, cons, the caps was McCain’s plan. Secondly we need not some $8000 cap, we need 0$ cap, that is the end to tax subsidies of health care. Once health care plans are no longer tax deductible, the employers will abandon group plans, and [...]

Tax Deductions For Individuals is a post from: The IRS Deductions Blog

Itemized Deductions 2009

admin — Sun, 26 Oct 2008 03:11:51 +0000

Question: tax Q 1040 first time homebuyer?My dad and I bought a house in 2008 .Both My dad and i are named on title and mortgage I fill up form 1040 for myself and I deduct all interest , insurance premium and tax ( itemize tax deduction) [...]

Itemized Deductions 2009 is a post from: The IRS Deductions Blog

Married Tax Deduction

admin — Wed, 09 Jul 2008 04:58:03 +0000

Question: what can a young married couple who rents, does not own a business no kids do to have Tax Deductions?Answer: There are certain Itemized Deductions that may apply. Medical expenses and health and long-term care insurance premiums that are paid after-tax are deductible, subject to a limit of 7.5% of the adjusted gross [...]

Married Tax Deduction is a post from: The IRS Deductions Blog

2009 Tax Itemized Deductions

admin — Mon, 05 May 2008 18:40:08 +0000

Question: Can I itemize state taxes for the whole 2009 if I bought a house in November 2009?My question is: If I itemize on my 2009 tax return for a house that I bought in November 2009, can I deduct the entire amount of state taxes (and donations) I paid in 2009 or only [...]

2009 Tax Itemized Deductions is a post from: The IRS Deductions Blog

Child Tax Deduction

admin — Tue, 25 Mar 2008 14:27:20 +0000

Question: Is the deduction per child on tax return influenced by salary?Answer: I’m sorry to disagree with my friends and colleagues on this site, but YES, the exemption amounts (the amount “per person” on the tax return) can indeed be reduced if you make ‘too much’. Certain higher-income taxpayers are subject to a phaseout of [...]

Child Tax Deduction is a post from: The IRS Deductions Blog

Tax 2008 Deductions

admin — Sun, 16 Mar 2008 02:20:27 +0000

Question: tax credits and deductions for new home owners?what Tax Deductions or credits are there for new home owners for 2008?Answer: the deductions you can now get pertain to itemizing. you can deduct your mortgage interest and real estate taxes and points on your mortgage. you can also deduct some closing costs. the only credits [...]

Tax 2008 Deductions is a post from: The IRS Deductions Blog