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Can you claim a grandparent as dependent on taxes?
You can claim them if you provided for the person the year you want to claim him or her.
What is the revenue-net income?
Net income equals revenue minus expenses minus taxes So, revenue minus net income equals expenses plus taxes
What is Income collected to pay the nation's expenses called?
Taxes
What provides the funds needed for expenses such as property taxes homeowners insurance mortgage insurance?
Which of these provides the funds needed for expenses such as property taxes, homeowners insurance, mortgage insurance, etc.?
Can you claim auto loan on your taxes?
yes
Emancipation from your parents taxes if your not a minor?
At 18 you are an adult and if you no longer live with them or have them pay for your expenses they shouldn't claim you on the taxes.
What form do you I use to claim funeral expenses on taxes?
Funeral expenses are not deductible on a tax return (IRS Pub 502).
Can you claim plumbing repair expenses on your taxes on a rental property?
Yes. You claim income that you receive in addition to expenses like repairs, insurance, property taxes, depreciation, etc. This is the case with me assuming that you are the owner of property that you rent to others and not rental property where you are the tenant.
How much in medical can you claim on your taxes?
Answer: You can claim all the medical expenses you have incurred as long as they exceed the 7.5% of you AGI (Adjusted Gross Income). Make sure you keep proof of this expenses for at least the next 5 years.
If i have custody of my children and the reside with me can the father claim them on his taxes?
At one time in The United States whoever paid 51% of the children's expenses could claim the children as dependents on their taxes. You will need to check the latest tax laws wherever you are.
How long can non-custodial father claim child on taxes?
If he has no taxable expenses in the child then he cant claim on tax.
Can I claim my mother as a dependant on my taxes?
This depends on your situation. If she lives with you all the time, in a home you provide, you pay over half her expenses, and she doesn't work, then sure you can claim her as an exemption.
Take Advantage of Gasoline Deductions?
Unemployed people can face many expenses. To be unemployed is actually a stressful and expensive experience. There are fees a person must pay in printing off a resume and then finding postage to mail that resume. There are expenses incurred when a person must fill up a gas tank to travel to an interview. The good news is that the IRS allows an unemployed person to claim these expenses as deductions. If you are unemployed and using a tax calculator to anticipate your taxes, be sure to claim all of these examples as deductions. You may be able to greatly decrease the amount of taxes you owe.
How much will I get back in taxes from medical expenses?
You won't get money back in taxes, you will get to subtract your medical expenses from your taxes. This will lower the amount of taxes you pay.
What is the amount you need to claim medical expenses on taxes?
It gets complex...but in simplest form...it's a percentage of your already adjusted income...not a specific number.
Can your ex claim you as a dependent if you did not have earned income but you owned a house and lived with her She paid all living expenses but you paid your mortgage and other expenses on your house?
Yes. Since she has a job, she is filing her taxes on the income she received last year. If at any time, you were supported by her (in full or part), she can claim you.
Is taxes an expenses?
Yes
