Vehicle Tax Deduction . com » Vehicle Tax Deduction Top Posts

Is their a limit to gross income and mortgage interest tax deduction?

admin — Fri, 07 May 2010 14:37:56 +0000

My wife and I will make around 0,000 this year. Is their a limit to gross income and the mortgage interested tax deduction?

Can i open 401K and contribute to 2006 tax year?

admin — Fri, 07 May 2010 12:38:42 +0000

Can i open 401K with my employer now before April 17, 2007 and contribute to 2006 tax year and get tax deductions?

What can I do to stop the IRS from confiscating my 2007 tax refund ?

admin — Fri, 07 May 2010 10:38:29 +0000

I worked in another state in the years 2003 and 2004. However I was unawear of all the tax deductions that I was intitaled to at the time. The state has been confiscating my federal return ever sence.

I have a child support question regarding tax deduction?

admin — Fri, 07 May 2010 08:38:18 +0000

I would like to know why the government do not allow tax deduction or tax credit for those paying child support, But on the other hand gives a child tax credit to the custiodal parent? I think child support was just a way to correct a government policy that went wrong. You promises theses single mothers theses government programs and now that the government can not afford it, lets deduct the standard of living for some else. That is probably the reason we are continuing to have the pro-life versus the pro-choice debate, because some appointed officals decided on a social policy that was taken out of the democratic processes. Also, why is child support gender base? Why do a judge makes the assumption that it is in the best interest of the child to be with the mother, where was this research perform to give this basis? Also, where in the constitution that gives the government the right to throw you in jail if you can not pay a debt, that is not a tax? Just my opinion.

Tax Deductions for several businesses in one home?????

admin — Fri, 07 May 2010 06:38:14 +0000

My husband and I are claiming 4 businesses (2 each) that we ran out of our home last year….so how do we put in our home info on all of them? Should we claim rent, sq ft used, utilities, etc for each??

Tax deductions & Wedding Ring?

admin — Fri, 07 May 2010 02:38:02 +0000

If I were to donate a wedding ring to goodwill (or something similar) would it be tax deductible based off the original purchase price, the current appraised value, or the value they are able to auction the item for? Also does anyone know of any good sites/companies that deal with jewelry donations?
I still have the original purchase receipt and can get an appraisal for current value.

I read that title insurance when buying home is tax deductible, is that true?

admin — Thu, 06 May 2010 16:38:37 +0000

If so, what does it fall under in the tax deductions? Thank you all so much. Yahoo answers is great.

Work Expense Tax Deductions?

admin — Thu, 06 May 2010 12:38:27 +0000

Me & my friend had this discussion regarding work related deductions. He said even though his employer pays him for mileage, that he can still claim those same miles as a deduction, his car insurance, car repairs, and gas! Is that correct. My understanding was as long as your employer reimbursed you for mileage it was also to cover repairs, wear & tear etc.

Is there a limit on the age of the SUV for the Section 179 tax deduction for small businesses?

admin — Thu, 06 May 2010 10:38:07 +0000

I understand the basics of this tax deduction and that you can deduct the value of the SUV/Truck up to ,000 and that the GVW has to be over 6000lbs, however, is there an age limit to how old this vehicle can be to qualify for the full tax advantage?

Is it smarter to get married for tax purposes or stay single?

admin — Thu, 06 May 2010 08:38:07 +0000

My girlfriend and I just found out that she is due in Feb. 2010. We wanted to know if we would get a bigger tax deduction as a married couple or if we were to both stay single and file? Does the government give bigger deductions to single or married parents?