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Can your state income tax be a deduction on your federal taxes?
January 27, 2009 by Tax Blog
Filed under Questions & Answers
van_wyhe_halen asked:
I am doing my taxes by myself for the first time, and I heard somewhere that your state income taxes can be a write off on your federal income tax. Is that true?
I am doing my taxes by myself for the first time, and I heard somewhere that your state income taxes can be a write off on your federal income tax. Is that true?
Is there a web site to check if you owe back taxes to the irs?
January 27, 2009 by Tax Blog
Filed under Questions & Answers
kit asked:
I was online reading up on the tax details and I was wondering if there was a web site to check out if you owe any back taxes to the irs or one to look up to check out for state taxes?
I was online reading up on the tax details and I was wondering if there was a web site to check out if you owe any back taxes to the irs or one to look up to check out for state taxes?
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How does the tax deduction work for state and county transfer taxes?
January 24, 2009 by Tax Blog
Filed under Questions & Answers
Mike F asked:
My wife and I are buying a new house in MD where the state and county transfer taxes will be about $8000. We are going to close in December this year, but will probably take a standard deduction. Can we deduct the property transfer tax even though we are going to take the standard deduction this year? Are transfer taxes deductions or credits?
My wife and I are buying a new house in MD where the state and county transfer taxes will be about $8000. We are going to close in December this year, but will probably take a standard deduction. Can we deduct the property transfer tax even though we are going to take the standard deduction this year? Are transfer taxes deductions or credits?