tax deduction
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Starting Home Day care...what Is Needed for Proof for Flexible Spending Accounts
To protect yourself, I would look into getting a tax ID from the IRS for your business and it is recommended ... Next question: Is Daycare a Tax Deduction? ...
Answers
- I did home daycare for a while and all I needed do was give my SSN and, at the end of the year, provided parents w/ dates of service. They received weekly paid receip...
- I think all you need is to give them your SS #. K.
- Your SSN. But also....make sure you claim the income on your taxes, because with them using that then your income from that gets reported on your SSN.
Can I Write off Medical Expenses on My Taxes?
But I believe that medical expenses that exceed 7.5% of your adjusted gross income are tax deductible. This is included in your itemized deductions. ...
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- You can write off medical expenses if it equals a certain percentage of your income. The qualified med. expenses need to be greater than 7.5% of your adjusted gross i...
- Congrats to you !!! The only time we have been able to claim medical expenses was the year my daughter was born. With the hospital bills,dr visits,medicines, and dedu...
- YES, YOU CAN WRITE OFF MEDICAL EXPENSES. YOU CAN EVEN INCLUDE YOUR MILEAGE FROM HOME TO THE DR. VISITS & ETC... I USE H&R BLOCK FOR MY TAXES. THEY ALWAYS GIVE ME HE...
What Kind of College Funds Are Best?
They give you the flexibility of many investing options and the gains are tax free. Some states give you a tax deduction for your contributions. ...
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- K. G, The 529 is going to be your better bet. It is more likely to increase in value compared to the interest rates you are going to earn on a money market account,...
- We use 529 plans for our kids. They give you the flexibility of many investing options and the gains are tax free. Some states give you a tax deduction for your cont...
- I would talk with your tax man--I talked with mine a little this spring, and I believe that 529 plans can be used for anyone in the family--so if one child doesn't go ...
Getting Rid of Cars
Sep 28, 2009 ... Anyway, they came out and picked up and sent us a tax deductible receipt. The one we got we had to enter what we thought the fair market ...
Answers
- J., We had a non-running car that we donated to a charity. They came and towed it away. Lots of charities do this. I would do a google search or look in the phone...
- Have you considered donating them to "Cars for Christmas?" I think they may have a web-site, but am not sure. Several of the local KC radio stations have sponsored t...
- we donated an old unworking quite beat up car to salvation army. I know there are a few other organizations that will also accept cars in any condition for donations....
Income Tax
Read all 6 responses: "Any mom knows a good income tax office?" ... Is Daycare a Tax Deduction? ... Need Help with Tax Question for Providing Child Care. ...
HSP Health Savings Plan
I just want to encourage you to be sure to do the math (how much will the premiums be for your family annually + the potentialy tax deduction + how much do ...
Answers
- We have had a Health Savings Account (HSA) over five years. It must be combined with a high-deductible health insurance policy. Ours is with Blue Cross and we love i...
- The best idea is to talk with your Blue Cross rep and find out what options you have. I have heard that HSP's are great and tax free. It's worth a 15 min phone call.
- We have just changed over to this! Ours is with BC HSA. It sounds like a good deal!! It seems to make the most financial sense to me! But I've yet to use it.
Seeking Advice for Once upon a Child Consignment Stores
So I donate everything and take a tax deduction each year. Worth way more than I would get by selling it except for maybe a pricey Hanna Anderson dress that ...
Answers
- Once Upon a Child gives you next to nothing for anything you bring in but garage sales are too much effort. So I donate everything and take a tax deduction each year....
- There is another option and that's consignment sales. I don't know what area you are in in the Twin Cities but check out www.FromYoursToMine.com. They hold one in the ...
- One suggestion I have is, if it is convenient for you, to try the Shakopee one first. I live closest to the Burnsville one, but I like the Shakopee location a lot mor...
Inrested in Jobs Where I Can Stay at Home.
Small Business Tax Deductions In addition to the benefit of generating an income from the comfort of your home, you also receive a huge tax deduction. ...
Answers
- Hello K. Your request for additional information about earning an income at home was just sent to me. I wanted to get back to you as quickly as possible. I am fol...
- I quit my job and have done daycare in our home since our son was 4 months old. It is a great way to make extra money and it is like having a playdate everyday for ...
- Sorry to read about the loss of your job I hope you find the income to replace it. If you would like to be a CitiBank Credit Card Representative and have people you k...
Donating Clothing Etc
All of these gives tax deduction receipts. Helpful? Yes | No Save This Remove This Report This Share. M.B. answers from Chicago on February 28, 2006 ...
Answers
- How about donating it to our Playgrounds garage sale!? The Commercial Park (a park in the Chicago Park District jurisdiction) is renovating our playground and the pro...
- R., We donate our clothing regularly to the Purple Hearts. All you do is call them and set up a pick up time - they come to your house and pick the stuff up. They a...
- Go to the Salvation Army at Clybourn and Ashland location. They have a big trailer with staff for drop-offs. Other thrift stores in the city also accepts donations.
To Buy or Continue to Rent
The tax deduction for the interest has always been a bonus, and now the incentive package is another bonus. The question is: are you going to be in your new ...
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- If you can do it and afford it buy now. There has not been a better time to buy in recent years - however do not do it if you can't - it is not worth it. Talk to a fi...
- Hi C. This is my take on buying vs renting. These are the two questions we were told to ask ourselves when we decided to buy. Can you afford not to buy? Where is yo...
- The #1 thing to remember is not to buy a house that is out of your range or overpriced. Know how much you can afford/month then subtract $200 from that amount, that wi...
