The IRS Deductions Blog » 2009

Tax Deduction Miles

admin — Sat, 30 Jul 2011 18:50:47 +0000

Question: MIleage reimbursement/tax deduction?I know that the federal rate for tax deduction is 58 cents per mile driven for work related expenses. For my job, I have to take consumers from their home to doctor appoints, grocery shopping etc, and my company only reimburses me 34 cents per mile. Can I deduct the [...]

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

Sales Tax Deduction 2009

admin — Wed, 27 Jul 2011 13:51:08 +0000

Question: Tax Deductions for a former RE agent?I was a real estate agent at the beginning of the year of 2009, but unfortunately due to the slow market, I made no sales but racked up a ton of related bills. I understand that these things are tax deductible, but I made no income from [...]

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

Federal Tax Standard Deduction 2009

admin — Wed, 27 Jul 2011 10:39:24 +0000

Question: hwo much of the refund is taxable on her 2009 return?Sandra Williams is single. She Itemized Deductions, including state and local income taxes, for 2008. She will not itemize for 2009. Her 2008 itemized deductions exceeded her standard deduction by $470. On March 2, 2009, she received a $520 state income tax refund, for [...]

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

2009 Standard Deduction Rates

admin — Sun, 06 Feb 2011 11:12:35 +0000

Question: What is the Standard Deduction Amount on Federal Income taxes?I was wondering what is the standard amount allowed. I was also wondering if it has changed for inflation in the last 10 years? I am disabled for 10 years (almost) and I am disabled so its been a long time since I had to [...]

2009 Standard Deduction Rates is a post from: The IRS Deductions Blog

Income Tax Deduction Slabs

admin — Mon, 31 Jan 2011 15:48:09 +0000

Question: On what amount rs 547 is deducted as Income tax?There is a deduction of 547 from my Apr 08 salary as income tax. it is said that the new 2008-09 slabs are not applied(Parliment is not confirmed the new slab) can any body tell me on what amount it is calculated? Add Info: CTC 3.25 [...]

Income Tax Deduction Slabs is a post from: The IRS Deductions Blog

Tax Deduction New Car Sales Tax

admin — Tue, 25 Jan 2011 23:37:23 +0000

Question: New Car Credit Questions regarding taxes.?When I was trying to file my taxes last night, I put in the deduction for the right off on the sales tax for buying a new car last year. I noticed that when I put the deduction in, it only gave me $200 extra back for sales taxes [...]

Tax Deduction New Car Sales Tax is a post from: The IRS Deductions Blog

Tax Deductions 2009

admin — Wed, 15 Dec 2010 08:32:57 +0000

Question: Will Obama’s Making Work Pay tax credit result in lower 2009 tax refunds?In 2008, my wife and I both had federal exemptions and we ended up owing the IRS about $200. For 2009 we set all of our exemptions to 0, hoping to get a bigger refund, and now it’s looking like we are [...]

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

Standard Deduction 2009 Federal

admin — Fri, 10 Dec 2010 18:03:30 +0000

Question: income tax questions?on a 2009 federal tax return how much would a couple filing jointly pay in tax on 75000 after standard deductions and four exemptions?Answer: If your income is earned income (salary, wages, etc.) as an employee (not self employed) and the two exemptions other than the husband and wife are minor children, [...]

Standard Deduction 2009 Federal is a post from: The IRS Deductions Blog

Tax Deduction Car Purchase 2009

admin — Wed, 08 Dec 2010 19:15:35 +0000

Question: Is there a special tax deduction for new cars purchased in 2009?I purchased a new Malibu on December 30, 2009. Was there a special government incentive that involved a tax deduction?Answer: you get to add the sales to your standard deduction, this is the only special benefit for those who are not able [...]

Tax Deduction Car Purchase 2009 is a post from: The IRS Deductions Blog

Deductible Car Sales Tax

admin — Thu, 28 Oct 2010 04:58:03 +0000

Question: Can anyone help me come up with ideas for fundraising?Here’s the scenario. Me and a group of about 14 other people are going to the Presidential Inauguration in January 2009. Each trip is $2,000, which means for all of us to go, we’d need $30,000. We are each paying for it, so basically whatever [...]

Deductible Car Sales Tax is a post from: The IRS Deductions Blog

Sales Tax Deduction New Car 2009

admin — Wed, 27 Oct 2010 01:00:34 +0000

Question: Tax benefits for buying a new car in 2009?I’m in the process of buying a new Toyota Tundra pickup truck and was wondering what the benefits are if i complete this purchase before the end of the year vs. waiting until January to buy it… would i qualify for the tax deduction on [...]

Sales Tax Deduction New Car 2009 is a post from: The IRS Deductions Blog

Tax Deduction Library

admin — Sat, 16 Oct 2010 07:27:16 +0000

Question: What tax forms do I need?I’ve been doing my taxes online for the past few years but my taxes are simple and I realized that even paying the $12.95 or whatever fee to do them online is still not worth it. So I’m gonna head down to the library tomorrow and pick up the [...]

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

Tax Deduction For New Car Purchase

admin — Thu, 07 Oct 2010 04:31:08 +0000

Question: Does my car purchase qualify for Obama’s stimulus (deduction of sales tax?)?While buying a new car this weekend, I found out I can deduct the sales tax on my 09 taxes. This past June I bought my wife a new car. Arizona only charged me $260 in sales tax (diff between trade in [...]

Tax Deduction For New Car Purchase is a post from: The IRS Deductions Blog

Tax 2009 Deductions

admin — Mon, 20 Sep 2010 23:46:40 +0000

Question: college tuition and tax deduction for 2009?if i pay for college class, a cost of about four thousand. can i deduct that for this year 2009 on my taxes. and would i get the same amount back in my tax refund next year.Answer: If you are not a dependent, you should be eligible for [...]

Tax 2009 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

2009 Tax Mileage Deduction

admin — Wed, 23 Jun 2010 15:52:05 +0000

Question: Delivery Driver Tax Deductions?I have driven 32,512 miles in 2009 for delivery. I have a detailed mileage report of my starting miles, and ending miles each day. Using turbo tax deluxe i am getting NO refund whatsoever when putting this data in. I even put crazy high numbers to see what would show up, and no [...]

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

Standard Deduction Federal Tax 2009

admin — Wed, 16 Jun 2010 04:18:37 +0000

Question: Can I put my property tax payment for 2009 on line 7 in schedule L ?Don’t seem to get above the 11,400 standard deduction this year itemizing this year, so can I use line 7 on schedule L to put the property tax I paid last year, which is over the line [...]

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

Sales Tax Deduction New Car

admin — Sun, 25 Apr 2010 07:18:11 +0000

Question: How do I claim the out-of-state sales tax on a new car purchase on my taxes?I bought a new car in Florida but transferred a plate for Michigan. I had to pay sales tax for BOTH states at the time of purchase. I was told I would get the FL tax $ back when [...]

Sales Tax Deduction New Car is a post from: The IRS Deductions Blog

Tax Deduction Mileage 2009

admin — Sun, 25 Apr 2010 06:20:23 +0000

Items on Amazon Right Now for Tax Deduction Mileage 2009: Taxes 101: H&R Block Gives High School Students, College Graduates First-Job Tax Tutorial KANSAS CITY, MO–(Marketwire – 05/27/10) – Graduation, commencement — whatever you call it, big milestones like these require big celebrations and presents. After all the graduation money is spent and people have stopped saying [...]

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

Mileage Tax Deduction 2009

admin — Mon, 12 Apr 2010 22:34:49 +0000

Question: Tax filing questions?Getting ready to file my taxes for 2009 and have a few questions. Can I claim mileage on my truck since I travel across the country for my company? Can I claim my travel trailer that I live in? I travel across the country full time for my job. Any other deductions you can think [...]

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