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What else can I help you with?
If your parent claims you on their income taxes can you still file yourself?
No Yes, you just cannot claim yourself as a deduction.
Can your parents claim you on their taxes if you claim one?
no, once you claim someone you cannot be claimed yourself
Can federal taxes withheld be tax deductible?
You cannot deduct withheld federal taxes on your federal income tax return. There are some states that allow the deduction of withheld federal taxes on the state income tax return.
Can you deduct long term disability insurance premiums on taxes?
No, you cannot deduct premiums paid on disability insurance policies. Two scenarios, first if your employers pays the premiums you would receive the disbursements as taxable income. If you pay your own premiums, then you would receive the disbursements tax free. Either way, you cannot deduct on your individual income tax the premiums paid. Think about it! If your employer paid the premiums, there was no expense to you, hence no deduction!. If you paid the premiums, you do have an expense BUT you are receiving the disbursements tax free and therefore could not take a deduction!
Do married people have to file their taxes jointly?
No, but you will get a better return if you do. Married people must file either Married Filing Jointly (MFJ) or Married Filing Separately (MFS). Generally MFJ will give you more tax deductions, exemptions and tax credits. MFS, you cannot take the student loan interest deduction, the tuition and fees deduction, the education credits, or earned income tax credit. Also if your spouse itemizes deduction you must itemize deductions also, even if you would be better off taking the standard deduciton. Both spouses must use the same deduction method. If you are legally separated according to your state law under a decree of divorce or separate maintenance, you can file as a single filer.
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.
Can you leave your share in ownership of community property to your adult children by Will in New Hampshire?
Community property is marital property. It cannot be devised by Will. However, New Hampshire is not a community property state.Community property is marital property. It cannot be devised by Will. However, New Hampshire is not a community property state.Community property is marital property. It cannot be devised by Will. However, New Hampshire is not a community property state.Community property is marital property. It cannot be devised by Will. However, New Hampshire is not a community property state.
Can I claim rent as a tax deduction on my income tax return?
Yes, you generally cannot claim rent as a tax deduction on your income tax return.
Do you still get a charitable deduction for junk car donation?
You can still get a tax deduction for the donation of your old car. You will receive a deduction that equals the actual fair market value of the vehicle, and you cannot automatically receive the maximum allowance.
What is an example of deduction in writing?
Just like in math, when you write, you can "deduce." Using the more familiar definition from those old math classes, it means to take away. This is also true in your writing. The idea is to come to a conclusion by removing all other otpions, like a process of elimination. You start with a large general idea and move to the exact detail that you want to prove by deducing. The standard deduction is a dollar amount that reduces the amount of income on which you are taxed. You cannot take the standard deduction if you claim itemized deductions. In some cases, your standard deduction can consist of two parts, the basic standard deduction and additional standard deduction amount, for age, or blindness, or both. In general, the basic standard deduction is adjusted each year for inflation and varies according to your filing status. The basic standard deduction of an individual who can be claimed as a dependent on another person's tax return is the greater of: # An amount specified by law, or # The individual's earned income plus a specified amount (but the total cannot be more than the basic standard deduction for his or her filing status).
Can an aunt claim a child on taxes that she doesn't support?
No. A niece or nephew cannot be claimed as a dependent unless the aunt is their legal guardian.No. A niece or nephew cannot be claimed as a dependent unless the aunt is their legal guardian.No. A niece or nephew cannot be claimed as a dependent unless the aunt is their legal guardian.No. A niece or nephew cannot be claimed as a dependent unless the aunt is their legal guardian.
Can grandparents receive a tax deduction for contributing to college expenses?
No, grandparents cannot receive a tax deduction for contributing to college expenses unless they are the legal guardians of the student.
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.
If you give a car as a gift can you claim back the tax?
A car, gifted to a nonprofit organization can be used as a tax deduction. A car gifted to an individual cannot be used as a tax deduction.
What did descartes mean by intuition and deduction?
Intuition is our conceivable idea of innate thought (the fact we are thinking in general). Therefore, it is a precursor to deduction -- which derives from thought. Deduction is the idea of reasoned logic that cannot be wrong (exp 2+2=4 or a bachelor must not be married).
Which Monopoly properties cannot have hotels built on them?
In the game of Monopoly, the properties that cannot have hotels built on them are the railroads and the utilities.
