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Deducting Business Expenses 




How does deducting expenses work? If I make 50,000 gross income and claim 10,000 for business expenses, does that mean I only pay taxes on 40,000? Is the …
Full Time Firefighter - Meals and Cell Phone deduction?? 




Hi there,
First, thanks for helping all of us who would be lost otherwise. Onto the question...I'm a full-time firefighter at a municipal dept. My schedule …
Home Deductions 




We bought a mobile home may of 2010 can we claim it on our taxes this year?
Deduction of Lap-Band Surgery 




Is lap-band surgery deductable as a itemized medical deduction allowed? Full cost of surgery was paid by myself including cost of air fair to get to place …
Day Care Deduction 




My mother lives in our home and Provides daycare for our children and we also pay her. How can we claim or use this as a deduction on our taxes ?
Deductions of a Gift 



If i give $10,000 to my child, can I deduct it from my taxes?
Coaching Deductions 



How much is the maximum deduction if I pay my assistant coach from my own compensation.
Thank you
Jason
Is Coaching Deductible? 


I used a business coach last year to help me develop my business. Can I deduct those costs and if yes, where exactly?
Car Deduction on 2010 1040 Form 


I began a new career as an insurance appraiser last year. As a result, my self employment income was less than $40 with 2 listed dependents …
Deduction Not rated yet
We had the foundation sink on our house. The concrete slab sank 4-1/2 inches which left moisture in the house. Our house was filled with mold and had …
Fees on Airline and Phone Bills Not rated yet
Can the fees included on the tax for airline tickets, car rentals, and phone bill be included as itemized deductions.
Yes, typically the fees included …
Dental Work Deductable Not rated yet
Are dental bills deductable for married filing jointly on federal returns?
Thank you for your question regarding whether or not dental work is deductable. …
Federal Income Tax Deductions Not rated yet
My son gifted us $5000.00 in 2011, as we are unemployed and need help with bills. Is he able to deduct from his federal income tax return. We live in …
Closing Cost Deductions Not rated yet
What costs am I able to deduct from the closing of a new house?
Fire/EMT Income Tax Deductions Not rated yet
Where am I listing my deductions for meals/house dues, and also for cellular phone expenses, on my tax forms? Thanks.
You would list your meals/house …
Deductions Not rated yet
I am living with my partner in pennsylvania, I am not working and she totally supports in everyway thinkable. She is head of the household. Can she claim …
Can You Deduct Bankrupt Airline Tickets? Not rated yet
If you've purchased airline tickets and the airline goes bankrupt and the tickets become worthless and no airline will honor, can you deduct the loss of …
Percent of Deduction for Hiring Vehicle. Not rated yet
sir,
I owe a Mahindra Scorpio which I hired it to a company on Rs.36000 per month with driver and all the maintenance will be mine. I want to know how …
Can I deduct airline taxes? Not rated yet
Hello, Can I deduct taxes that I'm paying on airplane tickets? I'm flying to Europe very often and my ticket can cost around 450$ + 350$ are taxes...can …
Donation To Father Deductable? Not rated yet
If I pay donattion to my father is it tax deductable?
Motorhome Load Interest Deduction Not rated yet
We own a home and a motorhome (second home) and have ben declaring the loan interest on both in the past. We have now decided to turn the motorhome over …
Deduction of Temporary Living Expenses Not rated yet
I have taken a position as a contract employee for a ten month assignment. The position is located several hundred miles from my residence requiring me …
Tax Deduction For Airline Tickets Not rated yet
I am a photography teacher and did ten presentations (movie and photographs)to the student body on travel this summer to South America for Hispanic Heritage …
Personal Income Tax Dependent Deduction Not rated yet
My 21 year old daughter lives at home and works part time. Recently she began a certificate program at a local culinary school full time and will attend …
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Deduction for Charitable Contributions Not rated yet
When using form 1040 do I list and deduct my charitable contributions?
Thank you for your deduction for charitable contributions question.
When …
Surcharge Deduction Not rated yet
Should surcharge be deducted from the bills of contractor?
Training Deductions Not rated yet
I am trying to become a Tour Director. As such I plan on taking a 2 week training course away from home. I was wondering what all can be deducted.
…
Are Federal Income Tax Payments Deductable Not rated yet
I owed 14k to the IRS paid in full in 2011 tax year. Is any of this deductable next year?
Thank you for your federal income tax payment deduction …
Where Can I Deduct My Tools? Not rated yet
I am in a partnership and received my K-1. I was told I can deduct the tools (about $33,000 worth) I put into the partnership on my personal taxes. Where …
Deductions for Self-Employed People. Not rated yet
I just started working as a massage therapist. I work in a spa but not as an employee. I pay rent on a room there. My question is if I need to have …
Dental Deductions Not rated yet
Are dental payments deductible?
Dental payments are deductible as a Schedule A itemized deduction on your personal income tax return subject to a …
Can I Deduct Any of This Not rated yet
My Arizona home was built in 1951. I had a terrible smell coming from the garbage disposal for quite a long time. Since the home is so old I figured it …
Deductions Not rated yet
I did not claim my oldest son last year because he made money on his own. This year he doesn't have a job. He is going to college and is 24 yr old. …
DEDUCTIONS Not rated yet
IF DEDUCTIONS UNDER SEC 80C have not been claimed before the deduction of income tax, can he clain the deductions along with the filling of return after …
Deduction of Mediclaim Policy Not rated yet
Our employer extends the facility of Mediclaim Policy for retired employee . 80% premium is paid by retiree and balance by the employer. Employee pay …
Deductions Not rated yet
I am a permanent resident of Arizona but had to go into New Mexico to find work. I am trying to find something back in AZ. Can I deduct the hotel, meals …
Medical expensed Not rated yet
How much per km for medical travel in nb and how much per meal per person for medical travel?
Thank you
The travel and meal allowances are different …
Realtor Not rated yet
Can I deduct the course fees for my realtors license in Alberta?
Yes, as a Realtor you should be able to deduct your realtors licesnse fees under taxes …
529 Contribution, State Deduction Question Not rated yet
I live in Maine. For 529 contributions in 2010, do I count only those paid from my bank account, or can I also include those contributed to my dependent's …
Deductions Not rated yet
Can you deduct health care expenses for an elderly parent (home health care CNA, or Day Care for Adults) if you pay out of pocket. Medicare does not cover …
Tax Deductibles Questions For Unregistered Business Not rated yet
Hi! I love your site - very informative. Thank you!
My questions are:
I have a business that is a bit of a mish mash of different things, among them …
Health Care Premium Deduction Not rated yet
We started a small bussiness when we retired and receive 1099 forms. Our pension plan pays for half our health care benefits. May we deduct the other half …
Can I Buy My Personal Collection For My Business From Myself, To Make It Tax Deductible? Not rated yet
I have a collectable stamp store online and my company.
I also have a personal stamp collection worth quite a bit.
Can I buy my personal collection …
Paid Time Off Charity Deduction Not rated yet
I work for a not-for profit hospital and we get Paid Time Off hours to use for vacations or sick time off. The hospitals aslo allows use to donate our …
Can I Deduct Child Care Expenses in Two Different States? Not rated yet
This question is specifically regarding the filing of STATE taxes
We moved from California to Oregon on Jan 25,2010. We have two kids and spend USD 1007 …
W2(12a-12d Codes) Not rated yet
On my w2. 12a code is marked W 1200.00. I am not sure this is correct. I always thought the W is if the employer was contributing and the R was if the …
Medical Expense Deductions Not rated yet
Is private-pay in-home care for the elderly deductible? It isn't personal care; just companionship.
Deductions/Expenses Not rated yet
Are you required or entitled to report deductions/expenses on your schedule C
Bond Money Paid Allowed For Deduction Not rated yet
I am working in a software company ,not as a salaried employee but as a consultant. I am receiving fees from the company and company is deducting TDS @10% …
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Mortgage Deduction Not rated yet
I foreclosed on a house some yeras ago but I'm still making payments on a second mortgage. Can I claim the the interest paid?
Medical Deductions Not rated yet
If medical expense is paid with a credit card does it have to be paid off before 1-1-10 in order to claim it for 2010 deduction ?
Charity Deductions Not rated yet
My mom made a $600 donation to a Catholic charity. Technically she did receive something in return, prayers being said for a loved one. With this 'something …
Mortgage Interest Deduction Not rated yet
Can I claim the mortgage interest deduction on my tax return when I am on title but not on the bank loan?
I receive the income and claim the expenses …
Mileage Deduction Not rated yet
Every day I go to the office and then the office assigns me a job to go to. Is the mileage I drive after leaving the office deductable?
Hi Chris, …
Airline Taxes Deductible Not rated yet
Are the taxes that you pay for an airline ticket tax deductible under misc. taxes?
Thanks
If the airline ticket was for business travel, then …
Deductions as a Realtor Not rated yet
Can I claim/write off dental costs?
Can I claim/write off dry cleaning?
Can I claim/write off costs associated with the ownership of my cottage …
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