Itemized deductions and other tax tips

[Slim_Shady]

i couldnt tell:crap:

//content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif

Have you met me in person?

 

[anj46907 10+ year member]

//content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gifHave you met me in person?

possibly //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

 

[DBBOOM 10+ year member]

Just a reminder children, to make sure and itemize your deductions for this tax season. The info found on this link will tell you all the deductions you can claim this year. http://www.irs.gov/taxtopics/tc500.htmlAlso feel free to discuss other ltips/ loopholes you may know about

I got over $26,800 in itemized deductions this year

Work related travel____________________$4000

Work computer (cheap)_________________$150

Work clothes, boots____________________$500

Morgage interest______________________$7600

Auto registration fees__________________$1500

Charitable donations___________________$9000

Theft loss____________________________$2500

Other_______________________________$2000

Overpaid social security________________$2500

Medical expenses is also a deduction.

 

[Annnarbor84 5,000+ posts]

If anybody here goes to college, be aware of the Hope lifetime learning credit, which is 2000 dollar CREDIT towards taxes for the first two years you are in school! which means you are for sure gonna get back the first 2 grand of taxes you paid. And then all of the other deductions you qualify for! If students need some tax help, let me know, and i'll help for free.

I was told by my tax preparer that you have to actually pay on your loans to qualify for this

 

[Slim_Shady]

Medical expenses is also a deduction.

I'm pretty healthy.

 

[Annnarbor84 5,000+ posts]

Medical expenses is also a deduction.

I think only if the medical expenses equal 1/4 of your take home or higher

 

[DBBOOM 10+ year member]

I'm pretty healthy.

Was just adding it to the list, some people forget about it.

 

[Forrest Gump 10+ year member]

I like honey on MY waffles

 

[DBBOOM 10+ year member]

I think only if the medical expenses equal 1/4 of your take home or higher

I claim every visit to the doc, never had it kicked back. Also, claim 50% of my cell phone, because i have it listed as a contact number for my union hall.

 

[Annnarbor84 5,000+ posts]

I claim every visit to the doc, never had it kicked back. Also, claim 50% of my cell phone, because i have it listed as a contact number for my union hall.

What about union dues

 

[DBBOOM 10+ year member]

What about union dues

Didnt list cause its not a deduction for everybody, but i claim my dues and my work assesment that is taken out of my check.

 

[Forrest Gump 10+ year member]

What about union dues

Everything you need to know about deductions should be on that page or linked from it

 

[Cabin_Pressure 10+ year member]

Everything you need to know about deductions should be on that page or linked from it

Think he was just asking if DBBOOM claimed his dues.

 

[Incrminator 10+ year member]

Everything you need to know about deductions should be on that page or linked from it

Go back to Alabama.

 

[Annnarbor84 5,000+ posts]

I'm about to get filthy with deductions:fyi: