Q&A
Asked by j.sams76
Answered by Cynthia Williamson
CPA in Overland Park, KS
This is probably not what you want to hear, but the answer is no. You should, however, hold onto those receipts as it appears to be a major expenditure – although you...
Q&A
Asked by patriciapotpie
Answered by Steffanie Staples
Insurance Agent in South Jordan, UT
Expense amounts greater than 7.5% of AGI
Q&A
Asked by lmperrin
Answered by Arthur Davis
Insurance Agent in Florham Park, NJ
Q&A
Asked by Yuli
Answered by Cynthia Williamson
CPA in Overland Park, KS
Hi Yuli. As a student you are probably used to taking tests. In this particular situation, there are some tests (detailed later) that, should you pass, could qualify ...
Q&A
Asked by Ben Roussel
Answered by David Meyers
Financial Adviser in Palo Alto, CA
The glib answer is simply that you could put in less. For example, if your marginal tax rate was 25% and you put $1,000 pre-tax into the 401(k), your taxes would go d...
Q&A
Asked by John Cole
Insurance Agent in Indian Trail, NC
Answered by Kirby Thomas PRO+
Online Life Insurance Comp in San Diego, CA
Hello John, One of your questions points to the face amount (the death benefit) and the other points to the cash accumulation. These two different elements of your...
Q&A
Asked by an anonymous user
Answered by Darius Slade
Health Services & Management in Richland, WA
Hello Anonymous, Not knowing the specifics, I recommend contacting the federal agency involved (i.e., SSA, IRS.GOV or Medicare?). The agency will provide your mother...
Q&A
Asked by an anonymous user
Answered by Darius Slade
Health Services & Management in Richland, WA
Hi Anonymous, Good question, and it suggests that your being on SSD has an impact on your husband's decision to claim you as a dependent. This is less a social securi...
Q&A
Asked by bonnie.myers
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Hi Bonnie, Restrictions apply. So check with your tax advisor and be sure you have the written certification from the manufacturer that their product qualifies for...
Q&A
Asked by sandra.mury
Answered by Deborah Peterson
Financial Advisor in Charlotte, NC
That depends on the type of income it is. Is it social security income? Were taxes withheld on any of the income you received? If yes, then you would need to file t...
Ask a pro a question
Have your question answered by a professional
Characters remaining: 140
$firstLetter
Asking as: $ss.eas.userParams.displayName
Sign in to MoneyTips
By submitting you agree to our Terms of Service

Taxes

Taxes
Free MoneyTips Membership!

Get FREE, full access to MoneyTips.com