Above-the-line Tax Deductions?

Above-the-line Tax Deductions?
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If you qualify, you can claim above-the-line tax deductions even if you don't itemize.Click here to fill out the Above-the-line Tax Deductionsform
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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

How Adjustments And Deductions Can Affect Income Tax Rates?

Description : How Adjustments And Deductions Can Affect Income Tax Rates?

Last Answer : There is sometimes a perception that the income tax rates for various individuals are tightly fixed percentages that cannot be changed in any way. This is not always the case, and there are a number ... professional to, at the very least, look over a return before filing could be very beneficial.

Federal Tax Deductions?

Description : Federal Tax Deductions?

Last Answer : Federal tax deductions are items subtracted from the taxpayer' gross income and are not factored in calculating the income tax of the taxpayer. There are dozens of available deductions for many ... labor, etc. A self employed individual is normally permitted to utilize many of these deductions.

Do you get Roth IRA tax deductions?

Description : Do you get Roth IRA tax deductions?

Last Answer : Everything that is in a Roth IRA is non tax deductible. You can get a tax credit of 50% on the first $2000 that you contribute to the IRA if you meet qualifications. The qualifications a listed on this site: http://www.your-roth-ira.com/roth-IRA-tax-credit.html

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.

Has anyone else noticed the new push by charities to even out contributions by pushing monthly donation deductions -- and the parallel development of cloud drive technology?

Description : Has anyone else noticed the new push by charities to even out contributions by pushing monthly donation deductions -- and the parallel development of cloud drive technology?

Last Answer : answer:I'm not sure I get the connection between these phenomenon, but what the charities are doing does make sense in terms of evening put cash flow. As for cloud storage, I'm inherently distrusting the ... second they want to start slapping a charge on it, I'll have no problem kissing it goodbye.

Payroll Deductions?

Description : Payroll Deductions?

Last Answer : Payroll DeductionsUse this calculator to help you determine the impact of changingyour payroll deductions. You can enter your current payrollinformation and deductions, and then compare them to your ... home pay. This calculator has beenupdated to use the new withholding schedules for 2010.

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 ?

Description : 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 ?

Last Answer : “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 full deduction.”

Proving You Deserve Deductions?

Description : Proving You Deserve Deductions?

Last Answer : There are many different IRS tax deductions that you can get if you sign up for them when you file your taxes. You just have to put in the raw data if you are using a computer-based system, ... government is very good at figuring out who is cheating and the vast majority of these people are caught.

Does Prudential life insurance do paycheck deductions?

Description : Does Prudential life insurance do paycheck deductions?

Last Answer : To offer convenience for its valued customers, The Prudential Insurance Company does offer payroll deductions to help make it easier to afford optional term life insurance.

Figure Out Deductions as an Unemployed Person?

Description : Figure Out Deductions as an Unemployed Person?

Last Answer : Did you know that you are able to deduct certain expenses for being an unemployed person? As an unemployed person, there are a lot of different tax deductions that you should keep in mind ... resume after resume to various businesses. You should at least claim a deduction for this expense!

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.