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On your income tax there is what's called the standard deduction. I think its currently a little under $6000 for singles. Everyone gets to subtract this from their income. However, if your interest on your home mortgage plus your state taxes add up to more then $6000 then you should put them on Schedule A (called itemizing) and you will be able to subtract more then the standard deduction. If you are married & filling jointly then the standard deduction is a little under $11000 and your mortgage interest + state taxes would have to be more then this to get anymore deducted from your income.
What else can I help you with?
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.
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 claim donations on your taxes?
Yes, you can claim donations on your taxes if you itemize your deductions on your tax return.
Do I have to claim a dependent on my taxes?
No, you are not required to claim a dependent on your taxes. It is optional and depends on your individual circumstances.
Can 2 people claim a house on taxes?
Yes
Can you buy a house and someone else claim it on their taxes?
no
Can 2 people claim the same house on taxes?
no
Do you pay taxes on house insurance claim?
income taxes ? no insurance payments are exempt
If your daughter lives in your house for two years rent free and you have paid the insurance and taxes does she have the right to claim the house?
If your name is on the deed, it is your house. A judge's decision should go in your favour if you have paid the insurance and taxes because she has no real claim to owning the property.
My girlfriend lives with me in my house and doesn't have an income and I supprt her!! Can I claim her for my taxes as a dependent?
No, sorry. You can only claim someone related to you as a dependent.
Can you claim street clothes on your taxes?
can you claim street clothes on you taxes
Can your boyfriend claim yourself and your children on taxes if he lived in your house all year?
only if he is married or his name shows up on bills for the house.
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.
How do you claim rebate on house insulation?
It`s not a rebate, it is a tax credit. So you have to wait until you file your taxes.
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.
