Taxes - December 2007

Or can she file her own taxes even though she has not worked all year and get a tax credi?

2007-12-31 10:00:54 · 7 answers · asked by catman1016 2 in United States

Hi again
I got a PELL grant and spent around $2100 of it in getting a used car. Do i have to declare it as income on my 2007 return because the reason i bought it was to commute to the school i am transferring to.
If i do declare it, instead of getting a refund of $19 i will have to pay the IRS $300

what do you recommend?

2007-12-31 09:41:20 · 2 answers · asked by Aditya G 1 in United States

2007-12-31 09:40:47 · 3 answers · asked by densheng 1 in United States

2007-12-31 09:39:03 · 6 answers · asked by densheng 1 in United States

Hi
On my paycheck next to Federal it says "S02" and next to CA it says "S00" What does that mean.

I also heard that you need to change your W4 if you get a raise.
I was earning $12.2 per hour and now its $16.12 per hour.

Should i change it, or let it be?

2007-12-31 09:37:04 · 4 answers · asked by Aditya G 1 in United States

my husband is in the military, and i currently deployed. I have the power of attorney tyo file the taxes, and I dont want to do it on my own, because i have alot of the gear he needed for his deployment and the military said i can tax off all the gear for his deplotment, i just don't lknow how to do it on my own..

yes i know the militart base can help us, but i am staying out of state with my family while he is away, so that is not an option...

so which is the most reliable tax expert place, that doesnt charge hundreds of dollers in fee's

2007-12-31 09:34:46 · 6 answers · asked by Just ME 3 in United States

2007-12-31 09:29:11 · 6 answers · asked by Lola 1 in United States

2007-12-31 09:27:11 · 2 answers · asked by Anonymous in Other - Taxes

Is the gift money given to spouse and/or children tax deductible? If yes, up to what amount for the 'Married filing jointly' status?

2007-12-31 09:08:45 · 3 answers · asked by Anonymous in Other - Taxes

do they take money out of my check? how does it work?serious answers please thanx

2007-12-31 09:00:34 · 3 answers · asked by dee G 1 in United States

2007-12-31 08:54:08 · 4 answers · asked by silkychick 1 in United States

My friend was planning a marriage for next year. They up and went to city hall today and got married. The reason is so they can save on taxes filing jointly. I know it is beneficial, but how much so?

2007-12-31 08:42:42 · 2 answers · asked by mpalmernyc 4 in United States

My husband made about $5,500 before he was laid off earlier this year. On unemployment he got a little over $9,500. Unemployment wasn't taxed so will we even get a refund? We have two children and thanks to the layoff we are about to lose everything!
I looked online but can't find any way to estimate what we might get back if anything.

2007-12-31 08:40:22 · 5 answers · asked by Diamond Nite 1 in United States

I am wanting to claim 60,000 in total earnings. I was wondering how much I would have to pay in. I am not head of household I go to school, I have one child, and I live in Indiana. I want to know an estimate of what I will be paying in to state and federal taxes. I am also wondering if they do this in monthly installments if I don't have the finances right away. If so how much?

2007-12-31 08:35:38 · 6 answers · asked by Scarlet 2 in United States

I understand that those are the only two types of tax that the Federal government can impose on the people of the 50 states.

2007-12-31 08:33:54 · 4 answers · asked by Flam Glamalam 2 in United States

I have a few bucks in the bank and if I can invest it and claim a deduction that would be great, if I can, is there a limit if I make $100,000?

2007-12-31 08:31:44 · 3 answers · asked by Will H 2 in United States

I collect any receipt that has sales tax, and it's becoming a mess.
Are these actually worth anything? If they are, how are they redeemed?

2007-12-31 07:52:51 · 4 answers · asked by Jay 4 in United States

I live with my sister while I'm going to college. My only source of income...or my only source of money...is from financial aid which of course goes towards tuition, books, etc. Do I need to file that in taxes/pay taxes on it? My brother-in-law says I don't have to (he knows a lot about taxes), I just want to make sure to be safe.

2007-12-31 07:48:48 · 4 answers · asked by Anonymous in Other - Taxes

My spouse and I separated for the final time on July 31, 2007. I obtained a protective order for my children and myself which granted me custody. What is my filing status for the 2007 return. There is no chance of Married Filing Jointly.

2007-12-31 07:39:07 · 8 answers · asked by Leah 1 in United States

If my child received SSI (about 7 grand) for 2007, can I claim them on my taxes and get the EIC? I will have to claim the SSI as income right? How does this work? I have 9,330 in income PLUS the SSI $. Do I get an EIC on an SSI dependant?

2007-12-31 07:37:03 · 4 answers · asked by WTFever 3 in United States

I am going to donate a lot of clothes, books, toys, games, movies and appliances today.

In previous years I have only donated about $300 worth of belongings and the homeowners income tax deduction was straight forward. What are the rules and conventions for larger donations?

How much value can I place on items such as books, Playstation 2 games, and DVDs?

What are the limits/rules that apply? Thanks

2007-12-31 07:10:15 · 6 answers · asked by dm 4 in Other - Taxes

I live in the state of Colorado and when I get the letter in the mail it says it has been intercepted to pay court fines. Why are they able to do this? Thank god they don't take my federal.

2007-12-31 07:01:35 · 4 answers · asked by Anonymous in United States

2007-12-31 06:50:26 · 2 answers · asked by SUMARLEES L 1 in United States

If I gave the hospital the check to pay off my medical bills today (Dec. 31st) can I still count them on my taxes for 2007

2007-12-31 06:35:35 · 4 answers · asked by jmdavis333 5 in United States

I just want to make sure I understand everything regarding the AMT. You can file/get refund in mid Jan. if you DON'T use one of the following 5 forms (Education Credits, Residential Energy Credits, Child and Dependent Care Expenses for Form 1040A Filers, Mortgage Interest Credit, District of Columbia First-Time Homebuyer Credit). If you DO use one of those, they expect to be able to process those around Feb. 11.

Am I correct?

Regarding the child care expense, is that the form for when you pay for child care (day care) and can get reimbursed some of it?

I normally do my taxes on the first day they accept them, but since I have 2 children in daycare, I think this means I have to wait......right?

2007-12-31 06:33:30 · 4 answers · asked by Heather A 2 in United States

am married filing joint. Annual income for me is around $15,500 before taxes. Wife is about $3000 before taxes. Around $12,000 in itemized things e.g. Interest on mortagage/ property taxes, charitable funds. No dependants.

If I itemize instead of standard deductions how much should I expect back in returns or which whould bring me most return back?

2007-12-31 06:24:55 · 5 answers · asked by Charlie M 1 in United States

And approximately what is the percentage of it that i will have to pay?

2007-12-31 06:04:16 · 23 answers · asked by NYdoll 1 in United States

tax forms tax breaks business home based hr block cpa

2007-12-31 05:59:08 · 5 answers · asked by frank c 2 in United States

i asked this before but i didnt provide enough info . My parents arent claiming me because my mother is disable therefore doesnt have no tax to claim ive been claiming my self since i was 14. i want to claim myself and my son im not married am single. i have about 300 i should be getting back. how much will i get back ?

2007-12-31 05:48:25 · 5 answers · asked by Baby Boy 9-7-07 1 in United States

2007-12-31 05:18:51 · 6 answers · asked by chris b 1 in United States