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Old Jan 24, 2008 | 01:32 PM
  #21  
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tax return is spent already
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Old Jan 24, 2008 | 01:35 PM
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^^ lmao!!

(enough cultural talk)
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Old Jan 24, 2008 | 01:39 PM
  #23  
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mines going to help toward my transmission. but its not much. i got like 600 from fed last year and this year i only get back like 190. managed to gross 30k so i thought that was pretty cool.
My sister owes me like $500 and a friend is supposed to buy my old wheels so that'll help a bit. doubt i'll see anything my sis owes me. i'm cool on that either way.
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Old Jan 24, 2008 | 01:48 PM
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yeah, i learned long ago that FAMILY is usually the first to default on a loan!!

a built trans looks to be around $1600 or so....hopefully mine will last a little while!
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Old Jan 24, 2008 | 01:55 PM
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These are my basic deductions so far, still need to do some more research. I started out oweing ~6500 and now I am down to ~3400 (which I have more than enough stored away in my Tax Savings account)

- Sales tax deduction, it is based off your income and tax rate where you live. And major purchases....
- Mortgage interest, Local Property taxes, PMI, some restorations/fixes/upgrades/improvements (insulation, AC, Heat pumps, new windows)
- Vehicle registration fees
- Student loan interest
- 401k contribuitions
- Life insurance premiums
- charitable contributions (Every year go and drop off some clothes at goodwill, easy couple hundred dollar deduction), deductions taken out in my paycheck
- Medical/Dental expenses
- Income tax preperation fees (if you bought software to do it or paid someone)


Some other stuff people can deduct
- cleaning of work cloths/uniforms, safety glasses and boots
- union dues
- Expenses (such as fees, dues, and subscriptions) for membership in professional organizations
- Job-search expenses
- Mechanics might be able to deduct tools that you bought to do your job, still researching that one.....
- Washington DC first time home buyer credit...
- Tutition for college



I will post up some more once I find them.......

Last edited by BlackGMC; Jan 24, 2008 at 02:02 PM.
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Old Jan 24, 2008 | 02:02 PM
  #26  
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the Feds signed the deal today,
600.00 for singles and 1200.00 for married
http://news.yahoo.com/s/ap/20080124/...onomy_stimulus
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Old Jan 24, 2008 | 02:08 PM
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work boots and tools are deductible for construction workers, and mileage/lodging for traveling hands. i used to do that every year.
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Old Jan 24, 2008 | 02:13 PM
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Originally Posted by 2004Denali
the Feds signed the deal today,
600.00 for singles and 1200.00 for married
http://news.yahoo.com/s/ap/20080124/...onomy_stimulus
Hoooray!!
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Old Jan 24, 2008 | 02:16 PM
  #29  
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Originally Posted by 2004Denali
the Feds signed the deal today,
600.00 for singles and 1200.00 for married
http://news.yahoo.com/s/ap/20080124/...onomy_stimulus
YES!!! That should pay for the Verter I have been looking at!!!

Originally Posted by THE FED!!!
Individuals who pay income taxes would get up to $600, working couples $1,200 and those with children an additional $300 per child under the agreement. Workers who make at least $3,000 but don't pay taxes would get $300 rebates.
Originally Posted by THE FED!!!
The rebates would phase out gradually for individuals whose income exceeds $75,000 and couples with incomes above $150,000, aides said. Individuals with incomes up to $87,000 and couples up to $174,000 would get partial rebates. The caps are higher for those with children.
Originally Posted by THE FED!!!
The rebates, expected to go out in June
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Old Jan 24, 2008 | 02:18 PM
  #30  
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nitrous!!!!!!!!!!!!!!!!!!!!!!!!!!!
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