Concerning federal taxes?

Question

How do you calculate buying and washing work uniforms?
How much can I get? I bought 4 X $16 pants and a pr. of $100 Timberlands. That's $164 X 2%...or a big $3.28.

How about the $30 long distance credit? I don't have long distance, but I do call the 10-10-987 line.


What about my nearly $4300 in medical, hospitalization, dental, and perscriptions? I only made like $17,000. So that is 25% of my income. I am so broke after paying all that! That number is actually paid out, not all the bill. I still owe $3000 to the hospital.

What else I can do to save on my taxes considering I'm single with no kids?

Also I adopted a dog and donated $200 to the Humane Society.

Answer 1

miscellaneous deductions like uniforms are subject to 2% of your adjusted gross income (AGI). so if your AGI is $17,000, multiply this by 2% to get $340. your expenses must exceed $340, and the amount over $340 would be deductible.

as for the long distance credit, you would have had to pay federal excise tax on long distance service in order to get a credit. i dont think you are eligible for this.

unreimbursed medical expenses are subject to 7.5% of your AGI which would be $1,275. your medical expenses that exceed this amount would be deductible. so if you had $4,300 in medical expenses, the deductible amount would be $3,025 ($4,300-$1,275).

charitable contributions are deductible if you itemize.

if youre filing single, then your standard deduction is $5,150. if your itemized deductions do not exceed this amount, its not beneficial for you to itemize. it doesnt appear to me that you should itemize.

you should consider contributing any amount up to $4,000 to a traditional IRA. you could get a tax deduction for this amount. you have up to the filing date of your tax return, including extensions, to set up an account.

Answer 2

You might or might not have enough to itemize, probably not. You get an automatic standard deduction of $5150, and if your itemized deductions aren't more than that, then you take the standard instead.

For medical, you have to subtract 7.5% of your income from what you actually paid, and can deduct the rest. So you'd have about $3025 to deduct there.

The 2% for employee expenses is 2% of your income, and that gets subtracted from the eligible expenses, so there wouldn't be anything left there to deduct even if you calculated and added the cost of washing and drying them.

If the $200 is the standard adoption fee for a dog from the Humane Society, then that wouldn't be deductible - it's not an eligible contribution, you got the dog for it. If their standard fee is say $75 and you gave them $200, then the other $125 would be.

There are other expenses that can be itemized, state income tax probably being the largest you'd have. But even that probably wouldn't get you up over the standard deduction.

If you don't have long distance service, you wouldn't be eligible for the phone credit.

There's probably not a lot you can do to cut down your taxes. Your total federal income tax for the year will probably be around $909. If you had at least that much withheld, you won't owe anything, and if you had more than that withheld, you'll get the rest as a refund.

Answer 3

On the basis of the data shown, your tax liability is probably nil. But you won't know for sure until you crank the numbers. Do the full 1040, so that all the medical stuff can show up on Schedule A.

Answer 4

nice....yet shall we see them commence at capitol hill the position all the authentic tax evaders carry close out. shall we not have countless those so call investigations on those criminals sitting in workplace purely to have not something come of it. I say tar and feather the low existence's and run em out of city.

Answer 5

YOU CAN DEDUCT MILLEGE TO AND FROM THE DOCTOR, DENTIST AND FOR ANY VOLUNTEER WORK THAT YOU DO. IF YOU OWN A SMALL BUSINESS THE MILEGE FOR THAT CAN BE DEDUCTED TOO.