Comments on: doing my taxes myself this year, have a question….? http://communitynonprofit.com/doing-my-taxes-myself-this-year-have-a-question.htm/ Charitable giving through shopping in local communities. Wed, 12 Jan 2011 14:51:25 +0000 hourly 1 http://wordpress.org/?v=3.2 By: StephenWeinstein http://communitynonprofit.com/doing-my-taxes-myself-this-year-have-a-question.htm/comment-page-1/#comment-31123 StephenWeinstein Wed, 10 Mar 2010 05:23:18 +0000 http://communitynonprofit.com/doing-my-taxes-myself-this-year-have-a-question.htm#comment-31123 1. You have the option to take either the actual amount of donations, etc., or a "standard deduction", which is several thousand dollars, but not both. The computer has correctly determined that you are better claiming the "standard" amount than using the $500. 2. Probably taxable total. I am not sure why it is asking. It should not matter. 3. You can claim registration fees based on the value of the car, but not registration fees based on the weight of the car. 1. You have the option to take either the actual amount of donations, etc., or a "standard deduction", which is several thousand dollars, but not both. The computer has correctly determined that you are better claiming the "standard" amount than using the $500.

2. Probably taxable total. I am not sure why it is asking. It should not matter.

3. You can claim registration fees based on the value of the car, but not registration fees based on the weight of the car.

]]> By: dusty_titus http://communitynonprofit.com/doing-my-taxes-myself-this-year-have-a-question.htm/comment-page-1/#comment-31124 dusty_titus Wed, 10 Mar 2010 05:23:18 +0000 http://communitynonprofit.com/doing-my-taxes-myself-this-year-have-a-question.htm#comment-31124 Accepted donations are either 1% or 3% of your adjusted income, any more than that will be scrutinized and flagged. You should just go with standard exemption and not try for special deductions. Go look on your Auto Sales/purchase agreement - there should be an amount stated for the amount of taxes paid, along with fees to register car. Accepted donations are either 1% or 3% of your adjusted income, any more than that will be scrutinized and flagged. You should just go with standard exemption and not try for special deductions. Go look on your Auto Sales/purchase agreement – there should be an amount stated for the amount of taxes paid, along with fees to register car.

]]> By: Sharon T http://communitynonprofit.com/doing-my-taxes-myself-this-year-have-a-question.htm/comment-page-1/#comment-31125 Sharon T Wed, 10 Mar 2010 05:23:18 +0000 http://communitynonprofit.com/doing-my-taxes-myself-this-year-have-a-question.htm#comment-31125 Unless you have more than the standard deduction ($5700 if you are single) it will not help to include goodwill donations. If you paid real estate taxes, up to $500 will add to your standard deduction on Sch L. You can use the $19605 for the sales price of the car. It won't matter what you use since it is well under the limit. Unless you are able to itemize, forget the vehicle license renewal. It only helps in states that charge tax based on the value of the vehicle anyway. Unless you have more than the standard deduction ($5700 if you are single) it will not help to include goodwill donations. If you paid real estate taxes, up to $500 will add to your standard deduction on Sch L.

You can use the $19605 for the sales price of the car. It won’t matter what you use since it is well under the limit.

Unless you are able to itemize, forget the vehicle license renewal. It only helps in states that charge tax based on the value of the vehicle anyway.

]]> By: cool cat http://communitynonprofit.com/doing-my-taxes-myself-this-year-have-a-question.htm/comment-page-1/#comment-31126 cool cat Wed, 10 Mar 2010 05:23:18 +0000 http://communitynonprofit.com/doing-my-taxes-myself-this-year-have-a-question.htm#comment-31126 U enter 13.105 that is the taxable amount. U enter 13.105 that is the taxable amount.

]]>