I'm married, filing jointly, no kids. I already know that the interest on my mortgage and student loans is fair game.
2006-09-18 07:41:56 · 7 answers · asked by MHP 1 in Business & Finance ➔ Taxes ➔ United States
OK, one person almost got it right. But instead of going to H&R Block and letting them do it every year (a great idea, by the way), you could go for one year, take the Income Tax Class, and do them yourself. Then you just keep updated every year on the changes, and you're golden! You could also earn a little cash on the side from unsuspecting fiends and relatives.
On the other hand, if you don't have the time or the desire to go that far, you could always hit the internet. Seriously, both the IRS and H&R Block have helpful sites on this issue, so I'll give you both links. Let me know if I can be of more assistance.
2006-09-18 14:18:06 · answer #1 · answered by Katie Short, Atheati Princess 6 · 0⤊ 0⤋
Instead of asking random strangers on the Internet, you could either take your taxes to a place like H&R Block to have them done properly, or use a program like TurboTax, that is pretty good at covering all your bases.
Yahoo Answers is not your best place for tax advice. I've given you real-life advice. It would be in your best interest to take note.
2006-09-18 14:50:17 · answer #2 · answered by haha 4 · 0⤊ 0⤋
It depends on your individual situation. Many expenses are deductible if you itemize, but there is a catch. you can only deduct a portion of your medical expences , don't quote me on this, but i think it like what exceeds 4% of your adjusted gross income so they have to be pretty high to be of benefit. If you are married filing jointly, you can take the standard deduction of 10000.00 no questions asked. Only if your itemized deductoins exceed this standard deduction would you benefit by itemizing.
2006-09-18 15:52:26 · answer #3 · answered by breeze1 4 · 0⤊ 0⤋
Hey! You're an adult! You should be able to figure this out on your own! Use one of the popular tax software packages or go to a tax prep service. They'll be happy to hold your hand.
2006-09-18 16:47:37 · answer #4 · answered by misslabeled 7 · 0⤊ 0⤋
any medical bill's, any taxes like on new cars, any donation's best bet is to call the IRS and ask them but do it before Jan they get really busy
2006-09-18 14:49:56 · answer #5 · answered by barbie89032 3 · 0⤊ 0⤋
Vehicle registration,vehicle lease,fuel used for 2nd job
2006-09-18 14:52:01 · answer #6 · answered by Joe P 4 · 0⤊ 0⤋
medical expenses ( make sure you have office receipts), prescriptions, contributions to charity, and much more.
2006-09-18 15:04:02 · answer #7 · answered by KelBean 4 · 0⤊ 0⤋