I claim Single Zero I don't own a house or nothing, but what all can I use for tax write-offs if anything,.. besides school tuition and such
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The government will give you a blanket write-off. For people like you this works out to be the best option. Now if you have a job where you drive a long way to work then you can start writing off the gas and your car payment for the % of which is work related. The same goes with anything else. If you use your laptop for work 15% of the time you can write off 15% of it's value (assuming it was purchased this last year, otherwise it will be depreciation). Cell phone and the likes are also included. I think you might be confusing excemptions with write-offs though.Originally posted by staceyyearsich@Feb 2 2005, 09:22 AM
I claim Single Zero I don't own a house or nothing, but what all can I use for tax write-offs if anything,.. besides school tuition and such
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Originally posted by Mike K+Feb 2 2005, 11:10 AM--><!--QuoteBegin-staceyyearsichThe government will give you a blanket write-off. For people like you this works out to be the best option. Now if you have a job where you drive a long way to work then you can start writing off the gas and your car payment for the % of which is work related. The same goes with anything else. If you use your laptop for work 15% of the time you can write off 15% of it's value (assuming it was purchased this last year, otherwise it will be depreciation). Cell phone and the likes are also included. I think you might be confusing excemptions with write-offs though.@Feb 2 2005, 09:22 AM
I claim Single Zero I don't own a house or nothing, but what all can I use for tax write-offs if anything,.. besides school tuition and such
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Originally posted by Ron Vogel@Feb 2 2005, 11:51 AM
Basically, I don't think this will work for you Stacey. The government gives you 2 choices. Either you take the standard deduction, or you itemize. The standard deduction is high enough that it would be impractical to itemize for most people. I'm turning 36 this year, and for the first time I have to itemize...and I'm in sales where typically there is much to itemize. The only real deductions that add on top of the standard are education and child care.
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