If the employeer pays milage, is there a tax deduction for the depreciation of the car? Milage only covers a small part of the cost of operating the car for use in the business.
We purchased a home in Aug of 2008, we’ve already filed our income tax for 2008. Were we suppose to get an 00.00 tax deduction because of the purchase or some type of loan of that amount?
I am trying to decide what is best to start using my extra money to pay off…a student loan at 5.4%, an auto loan at 4.99% or a heloc at 7.75% I know student loans and heloc interest is tax deductible, but assuming these deductions don’t affect a change in bracket (tax rate) what is the calculated difference in interest saved (assuming 15% bracket) on whether to pay which of these three….(I guess I’ve always been told pay non-deductible first, but with these numbers I just don’t see how that adds up…and most importantly how do I actually calculate the real interest I’m paying on tax deductible interest so I can compare it to nondeductible rates…) thanks in advance for any help!
I often use sites like Elance to find support for my business, and some of the contractors are not US citizens and live outside the US. My accountant seems to feel I cannot count money spent through that tool as a business expense, of if I do it would not ‘hold up under audit’, but this seems strange to me since elance keeps a clear record of the money spent and where it is going. Can anyone give me any advice on this – either corroborating or contradicting what my accountant says? Thanks!
i work for sear but thiers no fedural tax being taken out why id this ? i dont wanna own any money to the Gov would anyone know why nothing being taken ???
well im a cashier i went to human resourses all they said was that i could be i dont make enough money? but im my w-4 it said 3 allowances???
what does allowances mean ????
I know it’s cynical of me to think this, but every year the large drug-store and other chains have their cashiers ask every customer if they’ll donate to a designated non-profit organization. Then, after the campaign, they advertise the huge amount of money they (through their customers) donated.
Do these businesses obtain a tax deduction for "their" generosity?
My daughter attends nursery school. I was wondering if either myself or her father *we are together, not married* who file our taxes seperatly could use the money we paid as some sort of deduction on our tax return?
We live together so the child resided with us both for the entire year.
we both work, I work from home.
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