The IRS Deductions Blog

Posts Tagged ‘recycling’

Question: Tax deduction questions?

Could someone please help me with the following tax questions:

1) I’m a business consultant for a large IT management firm. I travel extensively to client locations but also work from my HOME frequently ~ 30%. Company classifies me as “Mobile” employee – either work at client site or HOME. They do not reimburse internet/phone/office equiptment. I don’t have a “study” room but work mostly in a corner of my room set up for business work. Can I use some of the “home office” deductions?

2) My younger brother does not live with me but I help him out financially from time to time. He’s a recent college grad and unemplpoyed. Could I claim him as a dependant? What would be some rules in order to claim as dependant. He probably wont be filing a 1040EZ.

3) My condo association installed new Green A/C-Heat unit which came out of my condo fee’s. Can I claim the Green deductions ~$300?

Thanks

Answer: 1) Yes, you may take the home office deductions that apply to you. Please remember to hold on to any receipts and applicable paperwork if you were to be audited.

2) Yes, you may claim your brother if he did not make over $3000, you provided more than half of his support and if he is not an eligible to be claimed as a qualifying child on another return. He does not have to live with you as long as he is a relative.

3) Yes, you may take the deduction for the a/c unit if it has a energy star sticker on it. Please hold on to the energy star paperwork and applicable receipts.

If all of these conditions apply to you, you may take all of the credits/deductions.

Items on Amazon Right Now for Tax Deduction Mobile Phone:

Tax time tech spend

With the end of the financial year looming and a lots of cool, new tech coming consumers will be thinking about where to spend their tax refund cheques. Even those wanting an iPad, a device that many say is little more than a glorified iPod, will be getting in on the act with news that the Australian Tax Office has declared it a legitimate tax deduction for education and a “laptop” for the …

LIGERS TIGERS LIONS: Big Cat Problem!

Question: If a teacher buys a computer how much is tax deductible?

I am pretty sure at least $300 is but what about the balance if i buy a $1000 lab top?

Answer: well all of it can be 250 on the front of your form 1040a and then take the rest of it off on the schedule a (itemize deduction)

Items on Amazon Right Now for Tax Deductible Computer:

Remember your office at gift-giving time It won’t hurt if selections are tax-deductible $1.99 It’s that time of year again. Time for exchanging gifts, planning next year’s goals, and hastily making last-minute corrections to minimize this year’s tax liability. Often, you can adjust your tax status by making some strategic purchases for your practice. I find that it’s much easier to rationalize purchases when they satisfy two important criteria: They’re tax-deductible, and they can improve …

Co. Springs Electronics Recycler Helps Environment & Disabled Adults

COLORADO SPRINGS – Local electronics recycler teams with disabled adults to properly dispose of TVs, monitors, computers.

Tax Forms & Deductions : Can I Write Off My Computer on My Taxes?