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Is federal tax on gasoline deductible on a 2008 federal tax return?
No. Not any year. And Federal Tax, even income tax, is not deductible on a return.
Is pet insurance tax deductible in Arizona?
Not deductible on your federal income tax return.
Is spousal support tax deductible?
Spousal support payments would not be deductible on your income tax return. Only Alimony payments would be deductible on your 1040 income tax return.
What line do you enter your gambling losses on using 1040 tax form?
For the 2012 tax year, gambling losses are reported on Schedule A Line 28.
Is funeral expenses tax deductible?
NO. Funeral expenses are NOT deductible on the individual 1040 income tax return.
Are funeral expenses deductible?
funeral expenses are not deductible on an individuals tax return as they are not medical expenses. However, if and individual has an estate, then the costs are deductible on their estate tax return (form 1041).
Are income tax payments deductible?
State income tax payments are deductible on your federal income tax return. (You may deduct state income tax or sales tax, but not both.) Federal income tax payments are deductible on your state tax return in a tiny number of states.
An example of a deductible temporary difference occurs when?
Deductible temporary differences exist when: (1) Revenue is reported on the tax return now, but recorded on the books in a later year or (2) Expenses are recorded on the books now, but are reported as deductions on the tax return in a later year. Examples: (1) Revenues collected in advance are reported on the tax return now but are recorded in the books when earned (2) Contingent expenses and losses which are probable and can be reasonably estimated (i.e. warranties) are recorded in the books now but not deductible for tax purposes until paid in the future. (3) Unrealized losses on trading securities are included in current earnings for financial reporting, but are not deductible for tax purposes until sold.
Are Association Fees Tax Deductible?
Homeowner association fees are NOT deductible on the individual taxpayers 1040 income tax return.
Can I deduct monies paid to settle a lawsuit?
Not deductible on your income tax return unless the amount paid was to produce taxable income that was reported on your income tax return. Then a limited amount could be deductible on your income tax return.
Is credit card interest payments tax deductible?
NO The personal interest is never deductible on your 1040 federal income tax return
Is rent expense deductible with the IRS?
No. Personal expenses are not deductible on your 1040 income tax return.
