on my taxes in america?...can I claim my groceries?..i save all my safeway receipts..
2006-08-12 15:38:16 · 8 answers · asked by Uncle Salty 3 in Business & Finance ➔ Taxes ➔ United States
If you're itemizing (filing Schedule A) then you are given two options:
1 - Claim the state income taxes you paid during the year
2 - Claim the sales taxes you paid during the year
You have the option to claim either one, but NOT both. This law was changed back in 2005 to help out those who live in states without state income taxes (e.g. Florida, Tennessee, etc). Those states generate most of their tax revenue through sales taxes and real estate taxes (which you can also claim if you own your home). Each year you can choose option 1 or 2, and you can switch back any year you want, which ever one works out best for you in that year, that's the option you should choose.
So, if you've kept ALL (or even most) your receipts for all the food you purchased, and all the clothes, furniture, cars, knick knacks, anything that you paid sales tax on, you can add that all up and use that to report on your schedule A if it's better then using your state income taxes paid.
Of course, the IRS also comes out with some tables based on where you live that you can use to figure out the deduction if you don't keep all your receipts.
2006-08-13 03:04:44 · answer #1 · answered by sjoschko 3 · 1⤊ 0⤋
No, you cannot claim your groceries on your taxes. If you have a business and you have legitimate business lunches with clients, you may be entitled to deduct 1/2 of the cost meal as an expense. The IRS is very strict with regard to this deduction however.
2006-08-13 00:20:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
mortgage interest, state sales (or state income tax), certain medical expenses over about 7.5% of income, kids, certain tuition for college, some home office with big limitations...
there are thousansds and thousands of pages in the tax
code. Go to a professional if this is your first time filing.
2006-08-12 22:45:15 · answer #3 · answered by Anonymous · 0⤊ 0⤋
you can itemize you taxes, but you have to have receipts from every thing. Other than that the only way you can write off food is if it is considered a business expense
2006-08-12 22:44:30 · answer #4 · answered by jmarie09 2 · 0⤊ 0⤋
If you can't ask a more specific question, you need a professional tax preparer.
2006-08-13 21:11:49 · answer #5 · answered by STEVEN F 7 · 0⤊ 0⤋
you can't claim groceries, but you can claim medical expenses incurred from those groceries
2006-08-12 22:41:15 · answer #6 · answered by cynthetiq 6 · 1⤊ 0⤋
You need to ask the people at H&R Block...they would know
2006-08-12 22:41:26 · answer #7 · answered by yoohoosusie 5 · 0⤊ 0⤋
No!
2006-08-13 04:50:36 · answer #8 · answered by Anonymous · 0⤊ 0⤋