What would you like to do?
Only humans can be dependents. People used to claim their pets and even their imaginary friends before they started requiring Social Security numbers on the tax return.
40p a mile for the 1st 10000 then 25p
only if they being used for live stock business
NO not as a dependent on your 1040 federal income tax return.
no, once you claim someone you cannot be claimed yourself
Not long at all. If you were married the last few minutes of 2009, then you can claim the entire year.
No I don't thunk anyone can claim their pardner male or female as a living expense. ans Obviously the above is incorrect, as many, many people are applicable as a dependent… and therefore a deduction for taxes of another. The sexual preference of the people are NOT a consideration. If the person qualifies as a dependent, then they may be a deduction. The question of if you may receive a spousal deduction depends on the legality of that status in your relationship.
No. But your father and mother get taxes for having to take care of you so there is an advantage.
Yes if you and the child meet all of the rules for this purpose.
In the US, when another taxpayer is entitled to claim you as a dependent on their income tax return, you cannot take an exemption for yourself even if the other taxpayer does …not actually claim you as a dependent. Then Exemptions for Dependents Dependent not allowed a personal exemption. If you can claim an exemption for your dependent, the dependent cannot claim his or her own personal exemption on his or her own tax return. This is true even if you do not claim the dependent's exemption on your return or if the exemption will be reduced under the phaseout rule described under Phaseout of Exemptions, later. Go to the IRS gov web site and use the search box for Publication 17 (2009), Your Federal Income Tax for Individuals go to chapter 3 Exemptions You can click on the below related link
THIS DEDUCTION ON YOUR TAXES will have to entered on the correct form or line of your 1040 federal income tax return before your income tax return can be completed correctly.
You can often times deduct the cost of hiring a tax professional to do your taxes in the following year. Given the generic nature of your question, I'd strongly suggest doing …just that.
I would yes
I guess it depends;for instance, the traditional IRA is a retirement savings plan where contributions may be tax deductible and the values can grow tax deferred until withdraw…al at retirement.However, for 2010, the IRA contribution limit for any wage earner is $5,000 or the individual's taxable wages, whichever is less. A wage earner over the age of 50 can contribute an additional $1,000 into an IRA. In the case of R-IRA, Roth IRA contributions are not tax deductible by definition. The tax benefit from a Roth IRA is taken at retirement when distributions are tax-free.
If by "claim" you are referring to an exemption, the answer is no. Since your animals are pets, you may be able to deduct related moving expenses (assuming you moved during th…e year). If you have a service animal (eg seeing eye dog), some expenses may be deductible. If you have a working animal (ie an animal that generates income), the animal's expenses may be deducted as business expenses. Please consult an tax professional for more information.
Yes, you can claim state and local sales taxes on your return. But in order to do so you must itemize deductions and you must not claim state and local income taxes. You're al…lowed to claim either state and local income taxes or state and local sales taxes, but not both. If you do claim the sales tax deduction, you can either claim the amount you actually paid (based on receipts) or the amount given to you by the IRS's Sales Tax Deduction Calculator. For a more detailed explanation of the state and local sales tax deduction, please see Deducting State Sales Tax.