we have two kids and we made close to 65000, we paid about 4500in medical bill, and about 7000 in child care. we also bout a used car 2002, we all drive the car to work but we dont know how much we spent in gas morning? can we claim that without receipts?
is there any website that can give us estimate on how much we can get back?
2007-01-30 04:13:56 · 4 answers · asked by Robots 4 in Business & Finance ➔ Taxes ➔ United States
Oh yes we have paid close to 4000 in taxes and i claimed married 0 my wife claimed married 1, i made about 80% of the money.
2007-01-30 04:18:03 · update #1
1) $4500 in medical. Probably no help as it must be over 7.5% of your income and it is an itemized deduction.
2) $7000 in child care. Probably a $600 credit if it is for one child; $1200 credit if it is for two.
3) Use Car - No deduction
4) Gas - No deduction
Maybe, it is time to see a professional.
2007-01-30 04:38:09 · answer #1 · answered by Wayne Z 7 · 1⤊ 0⤋
You won't be able to claim the medical bills - you can only take medical bills that are OVER 7.5% of your income, and yours aren't.
The child care bills should entitle you to a child care credit.
You can't take expenses for driving to work, so not having gas receipts doesn't matter.
If you itemize, and opt to claim sales tax rather than state and local taxes, then you could claim sales tax paid on the car in addition to the amount in the table for your state.
2007-01-30 13:00:46 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
The car expenses/gas or mileage can only be deducted if you are self-employed or own your own business and traveled for business purposes. Regular driving to and from work does not count. If you had to buy supplies for work and was not reimbursed you might have some deductions but you will have to have enough to be greater than the standard deduction for it to matter. If you own your home there are taxes that you can try to deduct.
For medical, it may not be enough for the required 7.5% but also factor in any therapist appts which would be deductible, mileage to and from medical, mileage to and from charity work, charity receipts. Good luck.
2007-01-30 13:46:53 · answer #3 · answered by Emma S 2 · 0⤊ 0⤋
you are better off to have an tax expert help you as they find alot of things to deduct for you
2007-02-03 18:58:29 · answer #4 · answered by jerry 7 · 0⤊ 0⤋