Tax time You owe? Or get a return?
02-02-2012, 09:29 PM
#41
Launching!
Join Date: Jun 2011
Location: Illinios
Posts: 222
Likes: 0
Received 0 Likes
on
0 Posts
02-02-2012, 10:26 PM
#44
Still fighting the IRS over 2010 taxes. Lol. Bunch of ******* retards can't even use a calculator correctly. The original letter they sent me told me that I owed %115 of my income to taxes... no joke
02-03-2012, 04:14 AM
#51
Launching!
Join Date: Jan 2012
Location: Disneyland or St Louis
Posts: 234
Likes: 0
Received 0 Likes
on
0 Posts
I sold my house last year so I don't have that deduction. I put $12,000 in my 401K to try and balance it out but I have no idea if I will owe or get money back. I will find out this week.
Does anyone know if you can still write off the sales tax on a new car?
Does anyone know if you can still write off the sales tax on a new car?
02-03-2012, 05:44 AM
#53
TECH Regular
iTrader: (1)
Join Date: Jun 2005
Location: Alvin Tx
Posts: 423
Likes: 0
Received 0 Likes
on
0 Posts
With our dependants and deductions we should get some back. Going to run through turbo tax this weekend to see if it is worth my time letting a cpa look at it also.
02-03-2012, 05:54 AM
#54
Ask me how i know !! FML!!
600 bucks back, turbo tax took $80..
81k in agi, married 1 kid... Wish i was getting EIC. Not fair that some get it. Should be all or nothing. Its like we are punished for not living in poverty.
02-03-2012, 08:30 AM
#55
TECH Fanatic
iTrader: (8)
Join Date: Aug 2003
Location: Germany
Posts: 1,145
Likes: 0
Received 0 Likes
on
0 Posts
Hi, you can calculate your sales tax based off of Major purchases and a formula that the IRS has that determines your remaining sales tax off of your income. The IRS will accept this deduction if it larger than your standard deduction (Single, Married, H.O.H.). Usually it's not unless you spent a lot in a high tax area and are Single.
A good little chunk of change 
