husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take ?

Question

husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take ?

asked Jan 14, 2022 by anonymous

1 Answer

Answer :

â€œhusband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take full deduction.â€

answered Jan 14, 2022 by anonymous

Related questions

Assertion (A): Mohan is a shopkeeper who pays his taxes on time. He has employed two workers Raghu and Rakesh in his shop. He pays them well but none of the workers get paid leaves in a year. Reason (R): Rakesh and Raghu are employed in an unorganized sector. (a) Both A & R are true and R is the correct explanation of A (b) Both A & R are true but R is not the correct explanation of A. (c) A is true but R is false. (d) Both A & R are false.

Description : Assertion (A): Mohan is a shopkeeper who pays his taxes on time. He has employed two workers Raghu and Rakesh in his shop. He pays them well but none of the workers get paid leaves in a year. Reason (R): Rakesh ... correct explanation of A. (c) A is true but R is false. (d) Both A & R are false.

Last Answer : (a) Both A & R are true and R is the correct explanation of A

Mark correct option relating to worker wage accounts a) A single account may be opened by any of the registered adult of a house hold whose name is mentioned in the job card. b) A joint account can be opened in the name of husband and wife provided that names of both are registered in the job card c) Joint B account cannot be opened under this category of account d) Only one account can be opened. e) All the above

Description : Mark correct option relating to worker wage accounts a) A single account may be opened by any of the registered adult of a house hold whose name is mentioned in the job card. b) A joint account can ... be opened under this category of account d) Only one account can be opened. e) All the above

Last Answer : d) Only one account can be opened.

ARE THE TAXES A BUSINESS PAYS ON SUPPLIES, TRAINING , UTILIES ETC... CAN THAT BE USED AS TAXES PAID ON THE TAX FORMS?

Description : ARE THE TAXES A BUSINESS PAYS ON SUPPLIES, TRAINING , UTILIES ETC... CAN THAT BE USED AS TAXES PAID ON THE TAX FORMS?

Last Answer : Need Answer

A retired couple had just completed construction on a brand new house. The husband had worked in construction, and his wife had been an interior decorator, so the finished house looked great. They were so proud of their new house, they invited their 12 grandchildren over to see it. Within an hour of their visit, however, the 12 children had broken several windows, pulled decorations from the walls, smashed parts of the white fence surrounding the house, and somehow even managed to destroy parts of the new roof. Shockingly, the retired couple did not try to set any behavioral limits on their grandchildren, and in fact, were observed smiling and laughing as their grandchildren inflicted damage on the house the couple had so carefully created together. Has the world gone mad? What kind of ins

Description : A retired couple had just completed construction on a brand new house. The husband had worked in construction, and his wife had been an interior decorator, so the finished house looked great. They were ... couple had so carefully created together. Has the world gone mad? What kind of ins -Riddles

Last Answer : The retired couple had constructed a small gingerbread house for their grandchildren, and invited them over to eat it.

What are deductions allowed when calculating federal income taxes?

Description : What are deductions allowed when calculating federal income taxes?

Last Answer : The deductions allowed whe calculating federal income taxes are as follow: Mortgage interest, charitable contributions, job expense, miscellanoous expense, medical expense in excess of 7.5 of income, and payment of state and local property taxes.

My my wife and I are both divorced and on social security. She is asking for $500.00 that ss pays me monthy. She gets half of my ss. Can she di this I live in Michigan?

Description : My my wife and I are both divorced and on social security. She is asking for $500.00 that ss pays me monthy. She gets half of my ss. Can she di this I live in Michigan?

Last Answer : In divorce situations the ex spouse is only entitled to 50% of the SS benefit of the higher earning partner. No, she cannot do this. A quick call to your local SS office will ... requesting modification and they must prove a major change in circumstance not just arbitrarily deciding they want more.

What do you think the chances are The President and Congress get rid of mortgage interest and property taxes being a deduction on federal income taxes?

Description : What do you think the chances are The President and Congress get rid of mortgage interest and property taxes being a deduction on federal income taxes?

Last Answer : From what I hear, it is Republicans who are talking about closing “loopholes” and capping deductions more than Democrats. But whether it, or anything will happen, I don’t know. And I doubt it could effect this year’s taxes anyway.

Which one of the following is admissible? a) The renter is not entitled to claim refund of the rent paid by him for allotment of Post box. b) The renter is not entitled for adjustment of rent paid in r/o a PB against the rent of deposit due in r/o other PB c) Claim can be admitted for refund of rent for a PB if the claim reaches the PM before allotment d) None of these

Description : Which one of the following is admissible? a) The renter is not entitled to claim refund of the rent paid by him for allotment of Post box. b) The renter is not entitled for adjustment of rent paid ... for refund of rent for a PB if the claim reaches the PM before allotment d) None of these

Last Answer : c) Claim can be admitted for refund of rent for a PB if the claim reaches the PM before allotment

Money order will be paid to a. Parents of the payee, if the payee not present at the address. b. Any person or family member residing at the address, if payee not present c. Payee of the MO at the address d. Wife/husband of the payee

Description : Money order will be paid to a. Parents of the payee, if the payee not present at the address. b. Any person or family member residing at the address, if payee not present c. Payee of the MO at the address d. Wife/husband of the payee

Last Answer : c. Payee of the MO at the address

Does a mortgage amortization table show me interest paid?

Description : Does a mortgage amortization table show me interest paid?

Last Answer : Yes, most mortgage amortization tables will show you both the principal paid and the interest paid over every year of the life of the loan. There are many free amortization calculators online, including one at http://www.myamortizationchart.com.

Should the wife get back together with her husband?

Description : Should the wife get back together with her husband?

Last Answer : I think it sounds like a really bad movie.

Can husband and wife pray together in congregation ? Can husband and wife pray together in congregation at home ?

Description : Can husband and wife pray together in congregation ? Can husband and wife pray together in congregation at home ?

Last Answer : It is important for men to pray in the mosque. It is not right to perform obligatory prayers at home without any excuse. This has been prohibited in several hadiths and has been strongly warned. However, if you ... ." Then he made me stand on his right side and that woman behind me. (Nasai 1/92)

How do you refinance mortgage w/ bad credit now after finances change do to lost of job 2 years ago. found knew job about 3 month after but pays less.Asked about modification w/mortgage company said they don't participate. ?

Description : How do you refinance mortgage w/ bad credit now after finances change do to lost of job 2 years ago. found knew job about 3 month after but pays less.Asked about modification w/mortgage company said they don't participate. ?

Last Answer : Just because your mortgage company say they don't refinance does not mean you should stop. Make a list of the places that do participate and apply there to see if you can get the help you need.

Two pumps M and N can separately fill a dumper in 36 minutes and 45 minutes respectively. Both the pumps are opened together but 12 minutes after the start the pump M is turned off. How much time will it take to fill the dumper? A) 9 min B) 10 min C) 30 min D) 32 min

Description : Two pumps M and N can separately fill a dumper in 36 minutes and 45 minutes respectively. Both the pumps are opened together but 12 minutes after the start the pump M is turned off. How much time will it take to fill the dumper? A) 9 min B) 10 min C) 30 min D) 32 min

Last Answer : C 12/36 + x/45 = 1 (12*5)/180+4x/180=1 60+4x=180 4x=120 X=120/4=30min

My wife had a business last year. Should we still file our taxes jointly?

Description : My wife had a business last year. Should we still file our taxes jointly?

Last Answer : answer:How was the business organized? Did she draw a salary? The business may have to file its own return. I would bite the bullet and get professional help.

one Of people Three Wife , husband Large Wife More Love , R. Small Wife Wants Swami Him too Love. Now Small Wife To do What ?

Last Answer : mine I think so Yes , the man All To the wife Equal In the eyes See Should Equal In the eyes No. See you Really Sin All To the wife Equal Dignity Given Being No. Small Wife Should Own ... Happily Sorry Next to Stay Then Husband , wife Per Mind But Husband too This Equality The subject Meant Should.

If my wife has a house in her name, only, and she dies am I responsible for the mortgage?

Description : If my wife has a house in her name, only, and she dies am I responsible for the mortgage?

Last Answer : Only if your wife leaves the house to you as an inheritance are you legally responsible for her mortgage upon death.

The police are called to a round house where a man is found dead with a knife wound to the chest. The police investigate and narrow down the suspects to three people: The maid, the wife, and the butcher. When questioned for alibis, the wife said, 'I was out buying a dress with my friends, and I found my husband dead upon my return.' The butcher said, 'I was searching the cupboards for some vegetables to serve for lunch.' The maid said, 'I was in the other room, dusting the corners.' The maid was then arrested. How did the police know it was her? -Riddles

Description : The police are called to a round house where a man is found dead with a knife wound to the chest. The police investigate and narrow down the suspects to three people: The maid, the wife, and the ... , dusting the corners.' The maid was then arrested. How did the police know it was her? -Riddles

Last Answer : It was a round house, so there were no corners to dust.

There once was an evil wizard. He took 3 woman from their homes and turned them into rose bushes that looked exactly alike. He put them in his garden. One of the woman had a husband and children and begged the wizard to let her see them. He agreed. At night, he brought the woman to her house. In the morning he came and took her home. One day the husband decided to go rescue her. So he snuck into the wizard's garden. He looked and looked at the 3 identical rose bushes trying to figure out which could be his wife. Suddenly, he knew the answer and he took his wife home. How did he know which rose bush was his wife? -Riddles

Description : There once was an evil wizard. He took 3 woman from their homes and turned them into rose bushes that looked exactly alike. He put them in his garden. One of the woman had a husband and children and ... the answer and he took his wife home. How did he know which rose bush was his wife? -Riddles

Last Answer : The wizard brought the rosebush to her home at night and returned her to the garden in the morning. Therefore, she was the only plant without dew.

Income left over after an individual pays taxes and purchases the basic necessities of food, clothing and shelter is called: A)disposable income B)taxable income C)accounting income D)discretionary income E)credit

Description : Income left over after an individual pays taxes and purchases the basic necessities of food, clothing and shelter is called: A)disposable income B)taxable income C)accounting income D)discretionary income E)credit

Last Answer : D)discretionary income

When children are concerned is it better to live with a husband/wife or baby-mama, or baby-daddy?

Description : When children are concerned is it better to live with a husband/wife or baby-mama, or baby-daddy?

Last Answer : I am sorry I am still having difficulty understanding your q - are you asking, given a conflict, is it better to be married to the father or just live with him? Or given no conflict? I've done ... of marital status. The only thing that works better now that he and I are married is health insurance.

I am a married woman for 25 years,but my husband does not want to help me pay mortgage, or any other bills I think he is gambling he never has money, his bank acct is empy. Do I have any legal rights ?

Description : I am a married woman for 25 years,but my husband does not want to help me pay mortgage, or any other bills I think he is gambling he never has money, his bank acct is empy. Do I have any legal rights ?

Last Answer : Math is very important when getting your CNA for many reasons. Math is the basis of any medical field. You will need it to calculate weight of patients, medicine dosage, and to use with any procedures.

is their an age limit on who pays fica taxes?

Description : is their an age limit on who pays fica taxes?

Last Answer : is there an age limit on who pays fica taxes

Who pays more taxes collectively, Democrats or Republicans?

Description : Who pays more taxes collectively, Democrats or Republicans?

Last Answer : What is the tax on getting high, not working, and collecting multiple forms of government paid welfare? About zero. So I say the republicans pay WAY more and take WAY less.

The incidence of Tax refers to - (1) Who pays the Tax? (2) Who bears the burden of Tax? (3) How Taxes can be shifted? (4) Who transfers the Tax burden?

Description : The incidence of Tax refers to - (1) Who pays the Tax? (2) Who bears the burden of Tax? (3) How Taxes can be shifted? (4) Who transfers the Tax burden?

Last Answer : (2) Who bears the burden of Tax? Explanation: In economics, tax incidence is the analysis of the effect of a particular tax on the distribution of economic welfare. Tax incidence is said to "fall' upon the group that ultimately bears the burden of, or ultimately has to pay, the tax.

Income left over after an individual pays taxes and purchases the basic necessities of food, clothing and shelter is called : 1. disposable income 2. taxable income 3. accounting income 4. discretionary income 5. credit

Description : Income left over after an individual pays taxes and purchases the basic necessities of food, clothing and shelter is called : 1. disposable income 2. taxable income 3. accounting income 4. discretionary income 5. credit

Last Answer : discretionary income

The incidence of Tax refers to (1) Who pays the Tax ? (2) Who bears the burden of Tax ? (3) How Taxes can be shifted ? (4) Who transfers the Tax burden ?

Description : The incidence of Tax refers to (1) Who pays the Tax ? (2) Who bears the burden of Tax ? (3) How Taxes can be shifted ? (4) Who transfers the Tax burden ?

Last Answer : Who bears the burden of Tax ?

Do courier drivers who use their own personal vehicle and get paid regular mininum wage entitled to overtime?

Description : Do courier drivers who use their own personal vehicle and get paid regular mininum wage entitled to overtime?

Last Answer : Yes, if you are an employee earning a regular wage (not an independent contractor), then you are entitled to overtime.

Mark the correct option a) SDI/ASPDs shall be entitled to an incentive equal to 10% of the commission paid to the agents b) A policy holder of WLA PLI/RPLI shall be eligible for tacking Children policy to his/her child c) Mail overseer should have min 10th standard qualification for doing this job. d) All the above

Description : Mark the correct option a) SDI/ASPDs shall be entitled to an incentive equal to 10% of the commission paid to the agents b) A policy holder of WLA PLI/RPLI shall be eligible for tacking ... child c) Mail overseer should have min 10th standard qualification for doing this job. d) All the above

Last Answer : d) All the above

Which one of the following statement is incorrect? a. An agent create a loyal relationship between a third party and principal. b. All agents are entitled to be paid for their services. c. An agency relationship may be created through necessity d. An agency relationship may be created through estoppel.

Description : Which one of the following statement is incorrect? a. An agent create a loyal relationship between a third party and principal. b. All agents are entitled to be paid for their services ... agency relationship may be created through necessity d. An agency relationship may be created through estoppel.

Last Answer : b. All agents are entitled to be paid for their services.

Determining number of deductions to take in order to maximize my paycheck?

Description : Determining number of deductions to take in order to maximize my paycheck?

Last Answer : answer:Too many variables and personal details. Are you a dependent? Do you have your own dependents? Figure that your gross salary is $880/week or around $3300/month. After social security and stuff, you clear ... deductions possible on your W-9 - I think that the max. is 9 - and roll with it.

Two taps A and B are opened together to fill a tank. Both the taps fill the tank in time “x” If B separately took 25 minutes more time than “x” to fill the tank and B took 49 minutes more time than “x” to fill the tank, then find out the value of x? A) 48 minutes B) 24 minutes C) 54 minutes D) 35 minutes

Description : Two taps A and B are opened together to fill a tank. Both the taps fill the tank in time x If B separately took 25 minutes more time than x to fill the tank and B took 49 minutes more time than x ... the tank, then find out the value of x? A) 48 minutes B) 24 minutes C) 54 minutes D) 35 minutes

Last Answer : D Time is taken to fill the tank by both taps x = √a*b x = √25*49 => 5*7 => 35

Are both New York state tax deductions and state sales tax allowed?

Description : Are both New York state tax deductions and state sales tax allowed?

Last Answer : I am not a CPA and I think this is the case about taking sales tax as a deduction on federal tax return: you can only take the state sales tax as a federal deduction if you itemize ... think there is a maximum sales tax deduction based on your adjusted gross income. please have an accountant confirm

Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a total simple interest of 19,550 at the end of 7 years, how much money did he borrow? a) 39,500 b) 42,500 c) 41,900 d) 43,000 e) None of these

Description : Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a ... 7 years, how much money did he borrow? a) 39,500 b) 42,500 c) 41,900 d) 43,000 e) None of these

Last Answer : Let the amount borrowed be Rs P Total amount of simple interest = (P×3×4)/100 + (p×2×8)/100 + (p×2×9)/100 = 19550 0.12P + 0.16P + 0.18P = 19550 0.46p= 19550 P = Rs. 42500 Answer: b)

When family allotment money order are paid a) The MOs paid shall be listed along with other MOs b) The MOs will be entered in separate journal and accounted for separately in the accounts c) Will be entered in MO paid journals and the total entered in the ordinary journal d) None of these

Description : When family allotment money order are paid a) The MOs paid shall be listed along with other MOs b) The MOs will be entered in separate journal and accounted for separately in the accounts c) Will be entered in MO paid journals and the total entered in the ordinary journal d) None of these

Last Answer : c) Will be entered in MO paid journals and the total entered in the ordinary journal

The MOs paid at BOs will be accounted for a) At the accounts office b) At the HOs along with its paid MOs c) Separately at the Audit office d) None of these

Description : The MOs paid at BOs will be accounted for a) At the accounts office b) At the HOs along with its paid MOs c) Separately at the Audit office d) None of these

Last Answer : a) At the accounts office

Income tax paid should be shown separately as the cash flows from----------- activities. a) Financing b) Investing c) Operating d) Others

Description : Income tax paid should be shown separately as the cash flows from----------- activities. a) Financing b) Investing c) Operating d) Others

Last Answer : c) Operating

What three items are normal if purchased separately but suspect when purchased together?

Description : What three items are normal if purchased separately but suspect when purchased together?

Last Answer : [deleted]

A man and a woman enter a crowded room where many people they have seen before are present. The man and the woman enter the room separately, but only one of them enters to a musical serenade. Another man speaks to each of them for a few minutes when the two get together in the room. The crowd has been quiet for the most part, and the familiar people seem to be in a happy mood, but when the man and the woman leave the room, they find the crowd is now outside waiting for them. When the crowd sees the man and the woman, they begin shouting and throwing food at the two as they try to depart the area. What was going on here, and why did the crowd pelt the man and the woman with food? -Riddles

Description : A man and a woman enter a crowded room where many people they have seen before are present. The man and the woman enter the room separately, but only one of them enters to a musical serenade. Another man ... What was going on here, and why did the crowd pelt the man and the woman with food? -Riddles

Last Answer : The man and the woman were getting married, and the food being thrown at them was rice.

In case of maturity value of discontinued RD account is retained after the date of maturity the depositor shall be entitled ______ of interest wef 01 Jan 2012 a) 3.5% b) 4% c) 8% d) 9.25%

Description : In case of maturity value of discontinued RD account is retained after the date of maturity the depositor shall be entitled ______ of interest wef 01 Jan 2012 a) 3.5% b) 4% c) 8% d) 9.25%

Last Answer : b) 4%

From the following duties which are not entitled for honorarium ? a. Valuation of Examination b. Duties related with calculation of interest . c. Duties related with extra time

Description : From the following duties which are not entitled for honorarium ? a. Valuation of Examination b. Duties related with calculation of interest . c. Duties related with extra time

Last Answer : c. Duties related with extra time

If both your mother and your wife/husband where drowning, who would you save?