Skip

23 posts tagged with deduction.
Displaying 1 through 23 of 23. Subscribe:

Getting reimbursed for taxes from job-related tuition benefits

My husband is completing his masters degree at the university where he also works. He gets tuition benefits, but any tuition benefit he receives over $5250 per year is taxable. The university treats those taxes as part of the tuition bill (they are about 37%) and we pay them out of pocket. According to our university, we should be able to get reimbursed for the taxes that we paid, given that the tuition counts as a job related expense. How do we do this? Bonus: how do we do this... on TurboTax? [more inside]
posted by ancient star on Jan 22, 2014 - 14 answers

Can I deduct training costs as tax deductible?

If I paid back an employer for training costs and business expenses related to the training - are these tax deductible? [more inside]
posted by lpcxa0 on Jan 4, 2014 - 2 answers

Which tax software for our particular situation?

I'm looking at tax softwares and not finding one that suits our particular need, which is, specificially: run all these scenarios and figure out what's best. [more inside]
posted by TomMelee on Feb 11, 2013 - 7 answers

W2 vs 1099 insurance write-off

Please help me understand whether I can write off my health insurance premiums. [more inside]
posted by mhz on Feb 9, 2013 - 14 answers

Take my deductions -- PLEASE!

Does Romney want to remove deductions for 401k to help pay for his 20% "across the board" tax cut? [more inside]
posted by bionic.junkie on Oct 2, 2012 - 9 answers

What do i need to know to pay my taxes this week?

Just started as an independent contractor - and I just got married. Self-Employed Taxes are due in ten days! Please help me figure out what I need to know! [more inside]
posted by rebent on Sep 7, 2012 - 4 answers

Who gets the charitable deduction credit?

When an author, political figure or other speaker donates their speaking or appearance fee to charity, do they garner any tax benefits? Does this donation show up as a charitable tax deduction on their tax form? Does it show up as a charitable donation on the sponsoring organization's tax form? [more inside]
posted by 2bucksplus on Sep 20, 2011 - 7 answers

Donate to an individual, receive a tax-deduction?

How can a family who's child has Leukemia collect money, and give tax deductions to donors? [more inside]
posted by punkbitch on May 5, 2011 - 11 answers

YANMAccountant... but do I need one?

My 2010 was the first complicated tax year I've had- bought a house, and wondering whether the HR Block online filing is still sufficient, or if I'll need and want a professional- and if so, where to find a good one in the Capitol Hill/Seattle area this weekend. [more inside]
posted by hincandenza on Apr 15, 2011 - 15 answers

Money Pit 2: More Banks, Less Hanks.

Can someone explain to me how buying residential real estate in a major/expensive U.S. metropolitan area makes any sense whatsoever? I'm really not seeing it right now (and yet I would love to join the landed gentry). [more inside]
posted by Admiral Haddock on Jan 4, 2011 - 45 answers

How do I write off my mileage?

Can I write off the extra driving I do for my job? If so, how do I go about doing this? [more inside]
posted by rossination on Oct 20, 2010 - 6 answers

Deduct annual broker fees?

taxfilter: Can I deduct the annual fees for my managed broker account (non-IRA)? I think this is OK, but Google is just making my eyes cross...
posted by smelvis on Mar 10, 2010 - 3 answers

Which version of Turbo Tax should I use?

Which version of Turbo Tax should I use? [more inside]
posted by conigs on Jan 22, 2009 - 3 answers

If parent transfers house to me, how can I get mortgage tax deduction?

Can I get the mortgage tax deduction if a parent transfers their house to me and I begin paying the mortgage without going through an actual sale and real estate agent/commission process? [more inside]
posted by KimikoPi on Oct 4, 2008 - 5 answers

Charitable Contributions, Pending Exemption and Deductability

If you have filed for exemption with the IRS for a nonprofit you are starting and your status is pending while they review, I understand that you can still solicit donations and generally when your exemption is granted your exempt status applies retroactively to your date of incorporation. But how are the donor's charitable contributions treated? Can they deduct the tax year they donate or do they have to wait until the tax year in which exemption is granted (if the pending period lasts until a new tax year)? Or is it also retroactive and they would have to amend their previous tax return once the nonprofit gains exempt status?
posted by Falconetti on Jul 21, 2008 - 8 answers

Tax credit across the border?

Can Canadians give tax-deductible donations to American non-profit organizations? [more inside]
posted by purplefiber on Dec 18, 2007 - 2 answers

Should I submit by psychiatrist bills to my employer?

It's time to submit my out-of-pocket medical expenses to my employer for reimbursement under the pre-tax medical account program. All my receipts are for psychotherapy, psychotropic medication, and other indicia of mental illness. Is it professionally "safe" for my employer to have this stuff? [more inside]
posted by anonymous on Jun 26, 2007 - 15 answers

Student loan interest deduction

I recently found out that when filing my tax returns I can deduct interest paid on my student loans. My question is if I have to file my request for a deduction the same year I pay the interest, or can I wait a couple years to actually take the deduction? Here's the twister: I'm a dependent. Can I make interest payments now and deduct them from my taxes a few years down the road when I'm an independent. Does being a dependent bar me from currently taking a deduction? Thank you...I really appreciate any help.
posted by speedoavenger on Oct 1, 2006 - 11 answers

help me help the man

I'm trying to make my new web project legal in California. After reading through the Nolo press book(s), we thought that perhaps the LLC was the best corporate structure (we are going to issue stock and give the primary developer a portion in lieu of payment). While the Federal government taxes LLCs like sole proprietorships - you aren't taxed unless you make profit, and I don't see our profit outpacing our costs for a year - the State of California charges an LLC "tax" (really a fee) of $800, due almost immediately after your incorporation paperwork goes through, so... [more inside]
posted by luriete on Sep 8, 2006 - 9 answers

Can I deduct academic software being used non-academically?

If I use my sister's college-student discount to by computer products at a reduced price, but claim them as expenses for my home business, will anyone care? [more inside]
posted by anonymous on Mar 29, 2006 - 18 answers

Is this guy really Dracula?

What's wrong with this logical deduction? [more inside]
posted by goodnewsfortheinsane on Feb 18, 2006 - 16 answers

taxfilter: digital camera vs. film camera

Can my mother, a corporate travel agent, deduct the cost of her digital camera (as a unreimbursed work expense) since she is no longer deducting film & processing costs? [more inside]
posted by luriete on Mar 7, 2005 - 2 answers

Relocation Allowances - Taxable?

TaxFilter: A co-worker and I both recently relocated and received a relocation allowance. Anything above the cost of the move (excess reimbursement) we were allowed to keep. I know that the excess is taxable income. My co-worker feels that the relocation allowance is like our Meals and Incidental Expenses per diem, we didn't spend all of the allowance, so we get to keep the balance treating it as non-taxable income.

How can I simply explain the difference between a per diem and an excess reimbusrment to him? I've showed him relevant IRS documentation such as Publications 17 and 521 to no avail.
posted by Fat Guy on Feb 5, 2005 - 5 answers

Page: 1
Posts