IRS Tax Deductions . Net

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Tag: tax deductions

Charity and tax deductions – does it defeat the purpose of charity?

When you make a charitable donation you are able to claim it on your taxes and you receive a deduction.
This would obviously be a benefit and urge some people to donate more, but to me I feel it defeats the purpose of "charity." I always thought of charity as a give something for nothing [...]

I'm self employed, and I'm looking for some other tax deductions for the 2007 calendar year.?

I’ve already contributed to my simple plan, my HSA, Roth IRA. I’m looking for some tax deductions, anybody got any tips?

Why do governments offer tax deductions? What is the incentive?

Believe it or not, I don’t understand tax deductions. Why?
You can write off tons of things. Why? Aren’t those costs your responsibility?
So basically you get an income tax. You deduct costs off that income right? But why does the government allow this?

What's better, tax deductions or stimulus package?

Using the USA (tax deductions) and Australia (stimulus package) as an example, which is better???
Are there any statistics that support this???

when does the IRS withhold garnished wages from the employee, is it before or after tax deductions?

My friend found on his check stub that it said "ATT1" under after-tax deductions. He’s wondering if his wages are garnished? Would it be under "tax dedutions"? or under "after-tax deductions"?

Where can I donate my huge 30-32 inch tv to any organization or charity and get some tax deductions from it?

I have a huge tv, want to donate it to get some tax deductions of my yearly tax paperworks. Where can I donate it for charitable causes? I live at NY, queens. I cant really move it, its bulky and huge. And, I can’t sell it, cuz everyone wants flat screen HD/BLU ray TVS now. [...]

When your payroll check is done, are the taxes calculated on total earnings – even with pre-tax deductions?

I have pre-tax medical and retirement taken out but when I calculate out how much of my total gross I take home, the percentages indicate the taxes are being calculated on total earnings, not the total after pre-tax deductions. I thought that was the benefit of pre-tax deductions – you didn’t get taxed on [...]

Are there any special tax deductions available to HIV+ people?

Are there any tax deductions made available to HIV+ people or people living with AIDS? Specifically in relation to medical expenses, etc…?

Is there any Tax deductions or Financial aids for such businesses?

I am the owner of child care and provide child care services for 2 children with disabilities. Is there any Tax deductions or Financial aids for such businesses?"

Are there any tax deductions that can be taken when you sell your vehicle at a loss?

I was massively upside down on my last vehicle, and sold it at a very large loss. Are there any tax deductions I can take advantage of?