Tag: tax deduction

Can I get tax deduction for property tax &interest mortgage that I pay on my second house when I file my tax?

May 1st, 2010

I have two houses, I live in one and try to sell the other one. Can I get tax deduction on both houses for property tax and mortgage interest?

How big of a tax deduction do you get?

May 1st, 2010

How big of a tax deduction do you get after donating clothes and other things to the Salvation Army?
And it works for your income tax too right?

How much is a child’s tax deduction?

May 1st, 2010

If parents lists x number of children on their tax return, how much money is deducted from their income for each child?

I’m not asking about the ,000 tax credit, child care tax credit, or how much a child can earn tax free.

What is the raw value of the tax deduction?

Can I use my furniture donation as a tax deduction?

May 1st, 2010

I have been trying to sell my 8-yr old used bedroom furniture and it’s not going. I am thinking of just donating it to the Salvation Army. Can this be used as a tax deduction? On their site, it says the normal value of full bedroom sets is 0-,000, and I am asking 0. What is the procedure? Is this worth it?

Would babysitting qualify as a tax deduction?

May 1st, 2010

I am not licensed but i babysat two little girls from sep to now. i made 900 all together to date. They used my home and food, would i qualify for a tax deduction???
Can someone expalin the procedure I would have to go about to explain why i deserve a deduction or would it be best if i went to a tax preparer?

can i get the child tax deduction without income?

May 1st, 2010

I do not have a job so am i able to file taxes and claim my child for tax deduction

MY wife is paid 50 cents per business mile for use of her car. Can we claim any tax deduction for milage?

April 30th, 2010

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.

Is there a tax deduction for the purchase of a home in 2008?

April 30th, 2010

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?

Can I claim internet as a tax deduction?

April 30th, 2010

I take online classes, can I claim internet or part of my internet as a tax deduction for school? I don’t think so, but it is worth a shot!

When retail establishments collect from customers and give to charity, are they granted a tax deduction?

April 30th, 2010

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?