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50 OF THE MOST EASILY OVERLOOKED DEDUCTIONS
The following list will serve as a reminder of some deductions you can easily overlook when you prepare your return. It is not intended to be all-inclusive, nor applicable to everyone. The circumstances of your situation will determine whether you qualify. 1. Accounting fees for tax preparation services and IRS audits 2. Alcoholism and drug abuse treatment 3. Amortization of premium on taxable bonds 4. Appraisal fees for charitable donations or casualty losses 5. Appreciation on property donated to a charity 6. Casualty or theft losses Ads by Google Use TurboTax This Year Step-by-Step Tax Guidance for Fast, Easy Tax Filing & Your Max Refund. www.TurboTax.com Financial Statement Audit Financial Audits can save your company money. Get started today. PeterShannonCo.com IRS Tax Relief Attorneys Remove Penalties & Interest Charges Experienced Tax Attorneys. BBB FreedomTaxRelief.com 7. Cellular telephones 8. Cleaning and laundering services when traveling 9. Commissions and closing costs on sale of property 10. Contact lenses, eye glasses, and hearing devices 11. Contraceptives, if bought with a prescription 12. Costs associated with looking for a new job in your present occupation, including fees for resume preparation and employment of outplacement agencies 13. Depreciation of home computers 14. Dues to labor unions 15. Education expenses to the extent required by law or your employer or needed to maintain or improve your skills 16. Employee contributions to a state disability fund 17. Employee's moving expenses 18. Federal estate on income with respect to a descendent 19. Fees for a safe-deposit box to hold investments 20 Fees paid for childbirth preparation classes if instruction relates to obstetrical care 21. Foreign taxes paid 22. Foster child care expenditures 23. Gambling losses to the extent of gambling gains 24. Hospital services fees (laboratory work, therapy, nursing services, and surgery) 25. Impairment-related work expenses for a disabled individual 26. Improvements to your home 27. Investment advisory fees 28. IRA trustee's administrative fees billed separately 29. Lead paint removal 30. Legal abortion expenses 31. Legal fees incurred in connection with obtaining or collecting alimony 32. Margin account interest expense 33. Medical transportation, including standard mileage deduction and lodging expenses incurred for medical reasons while away from home 34. Mortgage prepayment penalties and late fees 35. Out-of-pocket expenses relating to charitable activities, including the standard mileage deduction 36. Part of health insurance premiums if self-employed 37. Penalty on early withdrawal of savings 38. Personal liability insurance for wrongful acts as an employee 39. Points on a home mortgage and certain refinancings 40. Protective clothing required at work 41. Real estate taxes associated with the purchase or sale of property 42. 50% of self-employment tax 43. Seller-paid points on the purchase of a home 44. Special equipment for the disabled 45. Special schools and separately stated feed for medical care included in tuition 46. State personal property taxes on cars and boats 47. Subscriptions to professional journals 48. Theft of embezzlement losses 49. Trade or business tools with life of 1 year or less 50. Worthless stock or securities |
iz haz money off the bewks :secret:
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IRS Announces 2009 Standard Mileage Rates
IR-2008-131, Nov. 24, 2008 WASHINGTON — The Internal Revenue Service today issued the 2009 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2009, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 55 cents per mile for business miles driven 24 cents per mile driven for medical or moving purposes 14 cents per mile driven in service of charitable organizations |
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I need to just file and be done. I start screwing around with deductions I'll fuck something up.
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most of that stuff only applies if you itemize
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Wan, I tried to install spit smiley and got invalid path...you wanna give it a try?
---------- Post added at 11:11 AM ---------- Previous post was at 11:09 AM ---------- Hmm...I could deduct some of those deductions if I had receipts. |
herro
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H&R Block quick calculator says I would only get back ~$500. Doesn't seem right. I got wayyyy more back last year. But I had 3 jobs during 2008.
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compare ur return when u got bamf refund to this yrs....you probably paid more taxes that yr
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I'll just have them do it. Fuck it, DO IT LIVE!!!!!!one!1
That estimator doesn't include 401k stuff. You'd die if you saw how much I contributed. It's why I'm broke :jester: |
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o hai jay
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Hai!!
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anything fancy tax-wise now that I'm married or just check the other box? lol
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if ur the only one working, then ur ok just changing ur W-4 to married 0 :imo: Can probably do married 1 but refund wont be as big. Once ur wife starts working, def. do married 0...enjoy the mini raise
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if my final decree hasn't made it to me by tax time, i'm filing married :rofl2:
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filing status is as of 12/31 brah...have to find out when it was final
---------- Post added at 08:29 AM ---------- Previous post was at 08:28 AM ---------- sweet site :imo: http://www.paycheckcity.com/ |
Someone dumped 2 dead goats on my road :pissed:
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eat em :imo
---------- Post added at 10:32 AM ---------- Previous post was at 10:32 AM ---------- goat :drool: |
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