Question about 2011 US federal tax deductions and married filing status: Trying to fix a problem with my tax return; please help!
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posted by qxntpqbbbqxl
on Oct 26, 2012 -
11 answers
I am single, rent, and payed AMT for 2011. If I owned my own home and had a mortgage, would I have been able to deduct the interest, or is the fact that I payed AMT a sign that no further deductions were available to me?
I have few deductions but itemize because my state tax alone is more than the standard deduction.
You are not now, and will never be, my accountant.
posted by benbenson
on Mar 7, 2012 -
5 answers
My mortgage company overpaid my property taxes and is aware of the overpayment. On my 2011 income taxes, do I deduct the actual amount due, or the amount paid?
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posted by tckma
on Jan 5, 2012 -
8 answers
My Taxes Filter: If I spend $2000 in self-employment income on equipment for said business (this is all the money I made on said business this year) will I be able to deduct roughly that amount and not pay taxes on the $2000?
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posted by sully75
on Aug 9, 2011 -
9 answers
I have a small home based computer business in Australia and need some allowable tax deductions. I understand that assets such as office furniture, plant & equipment are immediately tax deductible (don't need to be depreciated) if they're under $1,000. What are some things I could buy for my home office to reduce my tax? Thanks in advance
posted by Bacillus
on Jun 26, 2011 -
6 answers
As a U.S. resident and citizen, what happens if I neglect to claim income from a Canadian company?
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posted by Mushpuppy
on Oct 28, 2010 -
6 answers
I started a side business in 2009 and operated at a loss. I did a terrible job of record-keeping. Should I submit deductions, or just forget it?
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posted by sorrenn
on Oct 2, 2010 -
7 answers
I am about to put a new-to-me truck on the road for my business. Is there more benefit to claiming a lower purchase price (to reduce immediate sales tax) or to paying the tax now and deducting the full amount from my income?
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posted by KenManiac
on Jun 20, 2010 -
3 answers
can i deduct my laptop on my taxes in canada? i live and work in ontario, canada. i travel for work (approximately 6-8 months in total in a year) and generally my laptop is always required for presentations and software demos. i purchased my own last year. the laptop is 100% solely dedicated to work. i have 2 other computers at home for personal use.... so can i write it off? bonus points for how to do it using quicktax.ca
posted by chasles
on Apr 7, 2010 -
4 answers
I have donated about 11,400 to charity. I'm filing married filing jointly, so my standard donation is 10,900. I really don't have much in the way of other deductions. Should I use the 11,400 itemized deduction? Or use the 10,900 standard deduction and use the donations as deductions for next year?
posted by naveed
on Apr 14, 2009 -
12 answers
Can grocery retailers claim a tax deduction for the
market value of donated food, or just the
cost of that food? I've been given both answers - but only one can be right, right?
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posted by greggish
on Jan 27, 2009 -
7 answers
Can I deduct moving expenses on an unpaid mover bill on my tax return? In March of 2007 I moved from New Jersey to Alaska, but am unable to pay the movers to deliver my property until my wife cashes out her stock from her former employer. The property is currently undelivered and unpaid for, but I did get billed for it in 2007. Can I deduct this as a "moving expense" for 2007?
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posted by Stilus
on Mar 12, 2008 -
5 answers
TAX-Filter: Please help me understand the difference between:
(a) Deducting child care expenses from my taxes,
(b) claiming the Child and Dependent Care Credit on my tax return, and
(c) Using a section 125 Flexible Spending Account to pay for child care expenses.
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posted by yet.another.boston.question
on Jan 5, 2008 -
6 answers
I write off my home office every year as a legitimate business expense. This year I did not focus on freelance projects and did a lot of volunteer/pro bono work. What do I need to know about writing it off this year? I'll seek out a CPA, but I'd like to be knowledgeable first. Anybody ever get themselves into a similar situation?
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posted by taumeson
on Dec 4, 2007 -
4 answers
I'm recently self-employed and I need some advice about tax deductions. I'm going to be getting a new, rather expensive computer but I also want to make sure I have enough money to pay my taxes.
The computer will be used for business and home use - so where do I stand tax deduction-wise?
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posted by missmagenta
on Jun 16, 2007 -
13 answers
My mom is a commissioned retail salesperson for Gucci. Because she gets $13k/yr. in alimony, she always owes when she does her taxes. If she itemizes this year, what could she deduct?
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posted by camfys
on Apr 4, 2007 -
10 answers
It's tax time, and it shows. My question is about moving expenses: Can I deduct them for a move from CA to NY, even though I kept the same job and am now telecommuting?
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posted by phrenq
on Feb 1, 2007 -
3 answers
