Are Federal Tax Payments Income Tax Deductible

by Herbert Gray
(23456)

Tax Payments Income Tax Deductible

I owed $14,000 to the IRS paid in full in 2011 tax year.

Is any of this amount deductible next year?

Federal Income Tax Deductions

Federal Income Tax Deduction

My son gifted us $5000.00 in 2011, as we are unemployed and need help with bills.

Is he able to deduct from his federal income tax return. We live in Pennsylvania?

Casualty Income Tax Deduction

Casualty Income Tax Deduction

We had the foundation sink on our house. The concrete slab sank 4-1/2 inches which left moisture in the house.

Our house was filled with mold and had to put 45,000.00 in the house for repairs to make it safe to live in.

Is there any way we could recoup any of that money back through our income tax?

Any help you could give me would be greatly appreciated.

Thank you for your help,

Beth

Firefighter Meals and Cell Phone Income Tax Deduction

by T-bone
(Chicago, IL, USA)

Firefighter Income Tax Deductions

Hi there,

First, thanks for helping all of us who would be lost otherwise. Onto the question...I'm a full-time firefighter at a municipal dept. My schedule is 24 hours on/48 hours off. There are a few guys at the station that go to a "great tax guy" who basically deducts money each time one of the guys says the word "firefighter". The big things that they seem to deduct are:

-Clothing upkeep ($x / load - which is once a duty day - approx 110 days per yr -assuming 10 days of reduction / vacation)
-Cell phone (we do receive emergency pages via text message, and calls for overtime, so we do need a phone for work...however, we all use the phone for other purposes)
-Meal deductions (we pay $10 each day into a meal fund, then shop at the local grocery store...then prepare lunch and dinner at the station. This is NOT mandatory and we can choose to bring in our own meals...only one or two people at the department bring their own)

Anyway - at least one person deducts...

**Clothing: $5 x 110 =$550 (even though he washes his clothes at the station and has no receipt of using a laundromat

**Cell phone: $100 x 12 = $1200 (even though he uses his phone for personal use as well)

**Meals: $10 x 110 = $1100

Is ANY of this legit? I do see "meals" on your worksheet, but in researching, it looked like those can only be deducted if they are a mandatory condition of employment. Any guidance you could provide would be greatly appreciated!!!!!

Fire/EMT Income Tax Deductions

by Kane Hicks
(Georgia)

Fire/EMT Income Tax Deductions

Where am I listing my deductions for meals/house dues, and also for cellular phone expenses, on my tax forms?

Thanks.

Income Tax Deduction For Bond Money Paid

Bond Money Income Tax Deduction

I am working in a software company, not as a salaried employee but as a consultant.

I am receiving fees from the company and company is deducting TDS @10% on professional fees.

Now I have left my job from such company and as per terms I had paid Rs.50000/- as bond money for premature bond period.

Now I just want to ask you if I will be eligible for deduction of such bond money from my professional income or not and under what section of I.T. Act?

Surcharge Income Tax Deduction

by O.P. Hasija
(New Delhi)

Surcharge Income Tax Deduction

Should surcharge be deducted from the bills of contractor?

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