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If you sell a stock higher then you bought it what do you claim on your taxes?

A capital gain.


Why are there no federal taxes taken from your paycheck?

There are two reasons you may have no federal taxes taken is if you claim exempt on your W4 or if you claim a higher amount of dependents.


What does it mean to claim a dependent on your taxes?

Claiming a dependent on your taxes means that you can reduce your taxable income by a certain amount for each dependent you claim, such as a child or relative, who relies on you for financial support. This can lead to lower taxes or a higher tax refund.


Can you claim street clothes on your taxes?

can you claim street clothes on you taxes


A man bought abc stock at 19.65 per share and it sold at 23.25 per share what was his profit on 80 shares before deduction for commissions and taxes?

A man bought abc stock at 19.65 per share and it sold at 23.25 per share what was his profit on 80 shares before deduction for commissions and taxes the answer is 288.00


Can you claim your 19 year old on your taxes old if she is not working?

yes if mostly everything is what you bought like most food and the home that you live in


Can you claim real estate taxes on your taxes?

Yes, you can claim real estate taxes on your taxes as a deduction if you itemize your deductions on your tax return.


Claim my child's school lunch on my taxes?

My child has to pay for lunch can I claim that on my taxes?


Can I claim my rent on my taxes as a deduction?

Yes, you cannot claim rent as a deduction on your taxes.


Can I claim rent on my taxes as a deduction?

Yes, you cannot claim rent as a deduction on your taxes.


Do you have to pay taxes on a cancer insurance claim?

In the USA you do not pay taxes on the Proceeds from an Insurance Claim.


Can you claim donations on your taxes?

Yes, you can claim donations on your taxes if you itemize your deductions on your tax return.