Twitter Tax Tips #7
For 2008 tax year, those who itemize can deduct state and local general sales taxes OR state and local income taxes. #TwitterTaxTip (For more on twitter tax tips, see my prior explanatory post.)
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Office Depot Gives Away Free Copies Of Tax Returns
Office Depot will provide free copies (up to 25 single-sided pages) of 2008 tax returns for taxpayers this season. The promotion, which runs from March 22 to April 15, 2009, is available at the Design, Print, & Ship Depot center at Office Depot retail store locations nationwide. “Office Depot is thrilled to once again help…
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Ask the Taxgirl: Mortgage Forgiveness
Taxpayer asks: I have a 1099-c from a short sale on my house, I was hoping to be granted an exemption because of the Mortgage Forgiveness act of 2007, my amount in box 2 is 54809 and the amount in box 7 is 0.00 not sure what all this means. Taxgirl says: A form 1099-C…
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Twitter Tax Tips #6
Remember to report alimony received as income, alimony paid as a deduction but child support? It’s tax neutral. #TwitterTaxTip (For more on twitter tax tips, see my prior explanatory post.)
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Twitter Tax Tips #5
Out of work? You can deduct out of pocket expenses (resumes, agency fees, travel, etc.) related to your job hunt. #TwitterTaxTip
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Ask The Taxgirl: 2008 Mileage Rates
Taxpayer asks: I understand mileage rates changed in the middle of the year by the IRS. Can you offer the mileage rates for medical and for service with a non-profit. Taxgirl says: The craziness in gas prices this year did lead to a complicated mileage arrangement for 2008. The IRS normally updates mileage only once…
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Twitter Tax Tips #4
Looking for deductions? You can make contributions to your IRA until April 15 ’09 and still deduct for ’08 tax yr. #TwitterTaxTip (For more on twitter tax tips, see my prior explanatory post.)
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Is Obama’s New Tax Plan A Bit Uncharitable?
There’s a bag of used clothes on my porch that it is on its way to the Salvation Army (though not in this snow!). Like many Americans, my family makes an effort to give to a variety of charitable causes throughout the year. But why do we do it? I was raised to believe that…
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Twitter Tax Tips #2
For fed purposes, filing status is determined as of the last day of the year (Dec 31). Jan 1 – Dec 30 are irrelevant. #TwitterTaxTip (For more on twitter tax tips, see my prior explanatory post.)
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Twitter Tax Tips #1
Sign your return! Sounds obvious but IRS reports it as a top filing mistake. (For more on twitter tax tips, see my prior explanatory post.)
