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How much should you get paid on company time for gas mileage?
An employer can pay any amount they want for gas mileage. The federal government allows an employee to claim a deduction for the business mileage if the employer does not reimburse the employee for the expense.
When can a decedents estate claim a charitable deduction?
They claim it on the estate taxes as a deduction. It has to be to an approved charity.
How can one claim a deduction for a car donated to charity?
A person can claim a deduction for a car donated to charity depending on whether the car was auctioned off or given to a needy person. If the car was auctioned, the deduction can only be the amount the car was auctioned for. If the car was given to a needy person for no cost, you can claim a deduction for the fair market value of the car.
When should you itemize instead of claiming the standard deduction?
Once you suck a dick then you claim for a standard deduction
If you use the standard deduction can you claim personal exemptions?
No
If a Cosigner pays all of the the Home Equity Loan monthly payments does the Primary Signatory then get to claim the tax deduction on the interest paid or does the Cosignatory get such tax deduction?
You cannot claim a deduction for something you did not pay. If the primary signatory did not pay the interest, then this person does not get to deduct it. In order to claim a non-business/non-investment deduction for interest, the person claiming the deduction must (among other things) be the legal or equitable owner of the property. Usually, the cosignor is not the legal or equitable owner of the property, hence the cosignor cannot claim an interest deduction.
Do you claim federal tax refund on this years federal tax?
No. But if you live in one of the states that allows a state deduction for federal taxes and you took such a deduction, you may have to claim it on your state return.
Can I claim a tax deduction by donating a used car to charity?
You can claim the estimated value of the car if you have donated it to charity.
Can you claim mileage for driving to and from the tax preparer on tax return?
Yes, it is absolutely possible & fairly convenient. If you drive your car or other vehicle for business purposes, you can take a mileage deduction of 57.5 cents for every mile you drive for work. Check out the IRS official website: irs.gov/Tax-Professionals/Standard-Mileage-Rates If you own an iPhone milebuddy app can greatly simplify your daily mileage tracks. itunes.apple.com/us/app/milebuddy-mileage-tracker/id567680604?mt=8
You drive 150 miles to and from work everyday can you claim the miles on your taxes?
Federal business tax laws allow you to claim a deduction for mileage related to your business if your company does not provide direct reimbursement for the travel. For best results, save the receipts every time you get gas and include the number of gallons used on your tax return.
How to claim a deduction for business renovations?
You can deduct this one under "deprecion". See your accountant.
Can you claim phone bill as a deduction on your income taxes?
Not for domestical calls. Some tax agencies will allow deduction where the phone is used to del with formal business reasons.
