irs deductions
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A Silly Tax Question About Payroll Deductions
Asked by B.S. from Kansas City
on April 18, 2008
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I have a silly question that maybe you ladies could help me with...
My husband currently claims 2 deductions at work, when we really have 3; me, Josh and Emme. We c...
Answers
- I'm no CPA either, B., but I would concur with Meg G and (at least) claim the 3, and possibly even 4, deductions. As long as you have that baby in this calendar year, ...
- It depends on your adjusted gross income (do you have other deductions -- mortgage interest, for example) and how much you end up owing or receiving at the end of the ...
- My initial reaction is claiming additional deductions shouldn't cause you to need to pay in to taxes next year. I'm not a tax attorney, so you may want to get a sampl...
Income Taxes
Asked by S. from Dallas
on February 9, 2012
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I feel as if I may be missing out on deductions by preparing my taxes myself. I have friends in my similar financial and marital status getting upwards of 9,000 dolla...
Answers
- I asked several of my friends/family/peers and was told to use an individual, they all stated that they got more money than using turbo tax per se. So I input all of o...
- use turbo tax its really easy, we average about 1000$ from state and about 3-4g from Feds we do the basic deductions of goodwill and other charieties, dh work clothes/...
- If you are not completely knowledgeable of the tax laws, you should pay the money to have a professional do your taxes. The last thing you want to do is have the IRS ...
I Have a Tax Question
Asked by M.C. from Denver
on March 20, 2008
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I'm pretty dumb when it comes to taxes. My husband did our taxes at my brother-in-laws house and e-filed. After it was all said and done, I realized that I sold Avon...
Answers
- Keep in mind that income from schedule C has not been taxed so your tax liability will increase.
- I just went through this with a woman I babysat for deducting what she paid me AFTER I filed. I called the IRS, they said wait until the first return processes, then ...
- I have had my own business since 1990, I used a tax program and I did my own taxes for several years until one year I decided to use an accountant. I found that after ...
Turbo Tax
Asked by M.C. from Providence
on February 15, 2012
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I was just wonderig if any of you have used turbo tax & if it is worth it. Last year we got our taxes done & it cost around $80, I didn't know if any of you have ever ...
Answers
- We use it every year, my husband loves it!
- LOVE Turbo Tax. It's great, for even complicated taxes. It sounds like you can use the free federal edition. I definitely recommend, and save yourself some money :)
- It is most definently worth it!!!!! I have deductions and stuff and it is easy to use even with that.
Need Recomendations for Filing Tax Return...
Asked by M.G. from Dallas
on January 20, 2009
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Hi Ladies,
Since tax time is here again I need some recommendations/opinions on how and with who would be the best way to go in filing our tax return! (We kinda need ...
Answers
- We have been using H&R Block for about 5 or 6 years now. We feel comfortable with our returns. My husband is a fire fighter so we have a lot of deductions here and t...
- Definitely get them done for you. We also used to think we could do them ourselves and be fine, after we had kids I asked my husband to take them to someone to do the...
- It just depends if you want to do all the work, I have been doing our taxes for the last 6 years and know all the irs handbooks that apply to me. I enjoy doing it. I...
Someone Else Claiming My Child on Their Taxes
Asked by L.L. from Los Angeles
on April 21, 2011
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I have to let off some steam and I need some advise.
My son who is 17 has lived with my mom since he was 15 due to some issues that took place while I was at work a...
Answers
- Your mom is right. She should have cleared it with you before claiming him, but you should be paying you out of your own after-tax income, not your tax refund. If he l...
- I think you need to talk to a CPA or tax preparer. This is complicated by the fact that your child does not live with you. Usually a parent signs a form giving permiss...
- If I'm understanding this right (and I might not be), you were counting on the IRS tax refund, from having him listed as a dependent, to pay a lump sum to your mom? An...
Deception and Details......
Asked by A.W. from Jackson
on June 17, 2009
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My EXH has claimed 100% the daycare expense in the past four years of child care on HIS taxes...yet he bills me for 50%....{he invoices me for half expenses called SER...
Answers
- I agree with Christy! Your child won't care one BIT as an adult who paid for what-but she WILL remember Who set the proper example and didn't try to "get one over on ...
- You say he bills you. Does he do this in writing? If so, have you saved the bills? Do you have the cancelled checks that you have written to him for day care? Are ...
- Starting this week, pay by check one half of the daycare tuition. You may need to go through your lawyer to do this. The check will be your receipt. If you are bein...
Should I File an Income Tax Return?
Asked by M.M. from Detroit
on February 11, 2008
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I haven't filed a return since I've been single and on SS disability. I met with a CPA and was told it wasn't necessary to file since the only income I have is non-ta...
Answers
- At the very least you may be eligible for the Michigan State Homestead Property Tax Refund; if you rent or are in a mobile home park, you may still be eligible. You s...
- Hi M., I'm a tax preparer working on my Master's Degree in Accounting. The best rule of thumb is if you made ANY taxable income and you paid in ANY income taxes, y...
- I encourage you to contact the Accounting Aid Society. They provide free tax return and can give you good advice. They have sites throughout Metro Detroit.
How to File Taxes - Legally Separated
Asked by R.C. from Los Angeles
on January 30, 2010
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Hello Moms,
Need some advise on how to file taxes after being legally separated. Believe it or not, due to finances the children's father and I still live togethe...
Answers
- You definitely want to get professional advice for this one. I am finally filing single, head of household this year after 3 years of filing married and am finally get...
- better ask professional, but I'm thinking either way is ok.
- I'm not a tax professional, but I beleive the IRS treats legally separated as a divorce, therefore, you are not married and cannot file as such. Your best option is p...
Employer Deducting Too Much from Payroll Check
Asked by L.M. from New York
on September 10, 2011
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Has anyone been in this situation and how were you able to get it resolved?
My husband is salary, his employer does not give him a payroll stub. This week his ch...
Answers
- You definitely need to get this worked out. If your husband isn't getting payroll stubs, his employer can make up whatever numbers he wants and your husband has no way...
- I would call the state labor board and see what they say. They are the final say as to what happens at this point. The IRS only deal with what they are given. He has ...
- Well here are my thoughts as a former HR manager... 1. Why isnt he getting a stub? Is it a small company? Can he request one? 2. Why dont you start by having him fill...
