0
What else can I help you with?
Can you deduct the amount of money taken out of your paycheck for a garnishment on your tax return?
No
Will you get a return if you owe the IRS?
You will file a return. You will not get a refund (which is a refund of your overpayment) if you owe more than you have paid in through withholding and such - which is waht your payment is for - to make up for what you should have pre-paid. Depending on the amount of the underpayment and other factors, it is possible you will also owe a penalty and interest on that underpayment.
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.
Can you get a return if you owe back taxes?
If you owe back taxes, the IRS will automatically deduct that amount from your refund. Depending on that amount, you can only receive what is left from that deduction.
CAN I DEDUCT LOWES ON MY TAX RETURN?
I don't know anything about your tax return but I can say that if you have a personal tax return and purchases from Lowes that you refer to are for normal maintenance of your home the answer is no. You cannot deduct expenses for maintaining your home.
Can you count your tax payment from a previous year's taxes on the current tax form?
If you are talking about your amount paid with your federal tax return, the answer is no. You cannot deduct your previous years federal income tax on your current years tax return. You can deduct on Schedule A the amount paid on your State income tax return if you itemize your taxes.
Can I deduct taxes paid for the previous year on my tax return?
Yes, you can deduct taxes paid for the previous year on your tax return if you itemize your deductions.
Can I deduct state taxes paid for the previous year on my tax return?
Yes, you can deduct state taxes paid for the previous year on your tax return if you itemize your deductions instead of taking the standard deduction.
Can you deduct the amount of money taken out of your paycheck for a garnishment on your tax return?
No
Will you get a return if you owe the IRS?
You will file a return. You will not get a refund (which is a refund of your overpayment) if you owe more than you have paid in through withholding and such - which is waht your payment is for - to make up for what you should have pre-paid. Depending on the amount of the underpayment and other factors, it is possible you will also owe a penalty and interest on that underpayment.
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.
Can you deduct property taxes in California on your tax return?
Yes, you can deduct property taxes in California on your tax return.
Can you get a return if you owe back taxes?
If you owe back taxes, the IRS will automatically deduct that amount from your refund. Depending on that amount, you can only receive what is left from that deduction.
Can I deduct charitable contributions in 2021 on my tax return?
Yes, you can deduct charitable contributions on your 2021 tax return if you itemize your deductions.
How can I deduct property taxes in California on my tax return?
To deduct property taxes in California on your tax return, you can itemize your deductions on Schedule A of your federal tax return. Include the amount of property taxes paid on your California property in the "Taxes You Paid" section. Be sure to keep records of your property tax payments for documentation.
Can you itemize hospital bills on your tax return that you have not paid in full?
No. The only deductions that you can take on a tax return are items that you actually paid. However, you can deduct the amount of the bill that you did pay and then next year you can deduct the part that was paid during this year, even though the bill was for last year.
Can I deduct Roth IRA contributions on my tax return?
No, you cannot deduct Roth IRA contributions on your tax return because they are made with after-tax money.
