I have already filed my taxes. Am I not entitled to the tax break congress just passed last week?
D M asked: I filed my taxes in Mid-January. Last week conress announced that every tax paying adult will recieve $600 and $300 per child, in an attempt to avoid a recession. Since my taxes were already filed, am I not entitled to this extra tax break?
How does the tax deduction work for mortgage interest payments?
KL asked: Is this the correct formula for the tax deduction:
Tax rate of 38.5% times all the mortgage interest I paid in the past year?
Also, If I owe $100 in taxes but my deduction is $125 (based on formula above) does that mean the govt. will send me a check for $25?
How to figure out the Federal Tax in a phone bill?
Minh N asked: In a bill from BellSouth, there are many Federal Charges: Federal Universal Service Charge, Federal Exercise Tax, and Federal Tax.
Which kind of these taxes is claimed in Income Tax Return 2006?
In additions, may a taxpayer claim Federal Tax in a moblie phone bill?
Thanks for your answer.
When will the tax rebate check amount be applied to the taxes I owe for 2007?
Anna Z asked: My husband and I filed jointly and owe taxes for 2007. We are on a payment plan and will not finish paying it off at the time the rebate checks get sent out. I understand that if we do qualify for the rebate, it will be applied to the amount we owe. [...]
Are there any tax issues with selling goods at a fraction of their value?
pat asked: I owned a small business a few years ago and had an inventory of $50,000. The business didn’t do so well and I found a full time job elsewhere.
I found a buyer willing to buy all the inventory for $5,000. (I’m willing to take the loss because I’m just too busy [...]
Will the upcoming tax rebates that are part of the economic stimulus package be based on your 2007 income?
Tanker asked: Is the tax rebate a rebate of your already paid 2007 taxes, or more like a pre-refund of of your 2008 taxes that you might pay?
Another Obama pick clouded with tax issues as her Husband pays liens from up to 16 years ago-Why is this?
MADDOG asked: http://www.usatoday.com/news/washington/2009-02-05-solis-husband-taxes_N.htm
You can’t tell me there are no qualified Democrats who aren’t tax cheats-c’mon.
Can taxes from my groceries receipts be included when I file my tax?
wise investment asked: I heard from other people that they itemized all the receipts from groceries and other items that has taxes on them and they include this when they file their tax. They don’t own businesses so I don’t get how they can do this. Is there a separate form that I can fill [...]
What explains the difference between a tax and a tariff?
Dina asked: What explains the difference between a tax and a tariff?
A. Taxes are paid on domestic economic activity while tariffs are paid on international trade.
B. Taxes are a form of public revenues while tariffs are a form of public debt.
C. Taxes are charged on income [...]
Is having my tax refund directly deposited through Turbo Tax different than regular direct deposit?
Quake22 asked: The reason I ask is that I have not received my economic stimulus check yet and my SSN is under 19 (so I was supposed to receive the direct deposit by now). I filed my taxes through Turbo Tax and my refund was directly deposited in my account. Will I get a paper [...]
