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taxgirl® - tax news, tax info and tax policy

April 15th, 2008

Can Going Green Save Some Green?

Sigh.
It’s the day after tax season. Folks are tired and cranky (trust me, I get the emails). Nobody likes to pay taxes. And every year, you swear to do better, plan more, save more. Why not actually do it this year?
There are a couple of things that you can do throughout […]

By Kelly -- 0 comments

April 14th, 2008

Ask the taxgirl: More cell phone questions

Taxpayer asks:
I have a quick question regarding tax deductions. My husband and I are both military. I am National Guard and he is active duty National Guard. It was brought to my attention that we can deduct internet service & cell phone service as a deduction under unreimbursed employee expenses.
The justification […]

By Kelly -- 0 comments

April 14th, 2008

Ask the taxgirl: Cell Phone Plan

Taxpayer asks:
The reader who asked the question (regarding your Feb 28 cell phone deduction post) seemed to presume she’d deduct the cost of the “extra line” (which is usually a minimal cost), but let’s say she was just getting her phones set up from scratch. Could she have given her brother the primary line […]

By Kelly -- 0 comments

April 14th, 2008

Ask the taxgirl: Childcare Providers and TIN

Taxpayer asks:
My childcare provider says that she doesn’t know her TIN? but she has her state G.E. tax license number. She doesn’t want to give me her social security number, which is understandable, but I do want credit for this expense. What can I, or should I, do?
When I plugged in the […]

By Kelly -- 0 comments

April 9th, 2008

Ask the taxgirl: Credit Card Debt

Taxpayer asks:
I spent most of last year paying off my credit card. A friend told me that this was deductible but I don’t know where to put it on my taxes. Where does it go?
Taxgirl says:
I’m guessing that your friend hasn’t filed a tax return since the Reagan era…
Personal debt (other than […]

By Kelly -- 1 comment

April 8th, 2008

Ask the taxgirl: Charity and deductions

Taxpayer asks:
Hi taxgirl,
There is a woman at our church who recently lost her home in a storm. A few of us put our heads together and decided to take up a collection for her. We collected money, housewares, bedding, you name it. She lost almost everything that she owned so we started […]

By Kelly -- 0 comments

March 22nd, 2008

Ask the Taxgirl: Health Insurance Premiums

Taxpayer asks:
Last year, I lost my job. I haven’t found a full time job yet so I have been paying for my health insurance out of pocket by COBRA.
Is this deductible on my taxes? A friend told me that it was but I thought only visits to the doctor and prescriptions were.
Thanks for […]

By Kelly -- 5 comments

March 5th, 2008

Ask the taxgirl: Unions

Taxpayer asks:
I’m a Union Steamfitter
As part of a Union am I listed as a Sub Contractor? I work for a company.
Taxgirl says:
If you work for a company and you receive a form W-2, then you are an employee of that company and not a subcontractor. As I understand most unions, you work […]

By Kelly -- 0 comments

March 4th, 2008

Ask the taxgirl: College expenses

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Taxpayer asks:
My daughter is in her second semester in Troy University. She has never had an income so we are paying everything from tuition, books, clothes, her apartment, providing a car, cell phone, gas etc. I know that I can deduct the tuition, what […]

By Kelly -- 1 comment

February 28th, 2008

9 Child-Related Tax Breaks That You May Be Overlooking

In recent weeks, I’ve received a flurry of emails from parents asking about whether band uniforms, soccer cleats and other expenses related to children are deductible. I thought it might be useful to have a checklist of some child-related deductions that you may be overlooking.
1, Child tax credit. If your modified AGI (adjusted […]

By Kelly -- 0 comments

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