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can i file creditcards interest on my taxes

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12y ago

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Can a person on ss and paid interest on her home file taxes?

Yes you can.


Can you be penalized if you do not file your income taxes?

If you do not file your income taxes, you will owe the IRS 47.5% interest. For late filing, you will owe them 22.5% of the total and 25% if you don't file altogether.


Do I need my mortgage statement in order to file my taxes?

Yes, you may need your mortgage statement to file your taxes if you plan to deduct mortgage interest or property taxes on your tax return.


Do I have to file a 1098 form with my taxes?

You may need to file a 1098 form with your taxes if you paid mortgage interest of 600 or more to a lender during the tax year. It is important to include this form when filing your taxes to accurately report your deductions.


What are the penalties for an unfiled tax return?

It is okay not to file taxes if per the IRS instructions you do not have to file taxes based on your income and other levels. However, if you do have to file taxes, and have not filed them, then you should get appropriate tax assistance, file the necessary forms and returns, and avoid various types of IRS interest charges and other penalties.


Do you have to file your mortgage interest on taxes?

This is a deduction in your favor so you should. It will bring down your tax owed.


What is the alloted amount that a student 17 or younger can earn before they have to file taxes?

Federal $ 5000.00 unless they have more than $800.00 in interest, but if taxes are withheld you may want to file to get a refund. States vary.


Do I need to file a 1098 form for my taxes this year?

You may need to file a 1098 form for your taxes this year if you paid mortgage interest of 600 or more, or if you received student loan interest of 600 or more. Check with your lender or financial institution to see if they will be providing you with a 1098 form.


My son is on the grant deed of my property. How can he write off taxes and interest on this property I do not file taxes, I'm on soc sec income?

Your son also has to be on the mortgage in order to be able to write off taxesv and interest on this property.


Do I have to file a 1098 mortgage form with my taxes?

If you paid mortgage interest of 600 or more in a year, your lender is required to send you a Form 1098. You should include this form when filing your taxes to claim the mortgage interest deduction.


When is the last day for filling taxes for 2013?

If you mean for filing your return for income earned in 2012 the normal date would be April 15, 2013 unless you file an extension which gives you until October 15, 2013. Remember that the extension is only an extension to file and not an extension to pay any taxes that may be due. If you do not pay the taxes due then interest and penalties for non-payment of taxes will be assessed. If you don't file your taxes or an extension by April 15, 2013 then you will be assessed penalties and interest for non-payment of taxes and for non-filing of the return on a timely manner.


Do you have to file taxes if you are a student?

If you are 21 you have to file taxes