The IRS Deductions Blog

Posts Tagged ‘cars’

Question: what is TDS? ?

plz could anybody explain about TDS (Tax Deduction At Source) what kind of income i should earn for paying it?

Answer: TDS Means Tax Deducted at Source, salary TDS means, whoever will get more than 10000 salary per month, they will come under the slab (Salary TDS) TDS will charged, Nature of Payment and it will be in different SECTION

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Volunteers/Donations Needed, 11/7

Girl Scouts Girl Scouts of Colorado needs volunteers in Denver County. Adults can volunteer to lead a troop through their Girl Scout leadership experience or assist with events, camps or in the office.

How Interest Rates Move

Question: Help! A question about donations and Tax Deductions!?

I want to donate some books to a non-profit organization. I called them, they said they’d give me a donation receipt but will not “itemize” the books…Will I still be able to get a tax deduction if my donation has not been itemized? How do I go about doing things?
Thanks!

Answer: you have to set a price on the books, the organization is not in the position of assessing the value
if you have questions go to any Sally or Goodwill and see what they are selling donated books for
if you don’t exceed your standard deduction, no you won’t be able to itemize and the donation is just a nice gesture
the organization is telling you they are not listing the books or setting a price,
on your tax return if you can itemize, it includes medical expenses, taxes, mortgage interest, charitable contributions, casualty losses and misc deductions(like union dues etc)

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Beware of Car Donation Scams

Giving a car to charity can open you up to fraud. Here’s how to avoid being taken for a ride.

Personal Financial Planning Tips : How to Keep Proper Records for Donations

Question: tax rebate question?

i worked full time this year and obviously payed my fair share of taxes. but because my parents claimed me i don’t qualify for the tax rebate???

this year, if i decide to claim independence what will change? i am a student. if i claim independence will i have to get my own insurance (auto/health)?

will there be more positives or negatives if i claim independence? it seems i have been missing out on a lot… Tax Deductions such as school, work items, this tax rebate…

is it a better idea to remain dependent under my parents and let them get all the cuts or change it and let me get what is mine?

Answer: HA HA!!!

Items on Amazon Right Now for Auto Taxes Deduction:

Economy Pitch Mainly A Blame Game For Both Parties

If You Don’t Like The Economy, Blame President Barack Obama And Democrats Because They’re Making Times Tougher, Republicans Are Telling Voters Entering The Four-week Homestretch… Washington, – If you don’t like the economy, blame President Barack Obama and Democrats because they’re making times tougher, Republicans are telling voters entering the four-week homestretch to an election the GOP …

Tax Forms & Deductions : Can You Claim Your Car Insurance on Your Taxes?

Question: is sale tax on a new car deductible on federal income taxes?

Answer: Maybe.

If you itemize, you are given the choice of deducting the state sales tax that you paid throughout the year or the state income tax you paid but not both.

The IRS has developed tables to calculate what the average person spends in each state on sales tax. Take this number, and how much tax you paid on the car and if that number is higher than your state income tax AND you itemize, you will get a deduction.

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Community Calendar

Deadline for items for the Community Calendar is Wednesday at noon two weeks before desired publication date. Send information on fund-raisers, clubs, lectures, community events, reunions and support groups to Community Calendar, Pioneer Press, 3701 W. Lake Ave., Glenview IL 60026; fax (847) 486-7495; or e-mail to jmolitor@pioneerlocal.com. There is no charge for …

House Session 2010-04-13 (20:35:28-21:38:30)

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1.3 Withdrawal of agent’s copies of some PAYE and SA forms

HMRC has notified the professional bodies that as part of the drive to save costs it plans to stop issuing copies to agents of some mail which is sent to clients.

Dual Resident Corporations Simplify Taxes