Taxes
 

Well, this may show my youth...but:

If you (I) don't really own anything (other than my car) is it possible to get any tax deductions, rebates, ANYTHING?? on your federal tax return?

I'm trying to figure out if I should get Turbo-Tax or something or if I should just file the basic little form. This is the first year nobody can claim me as a dependant and I want some money back dammit!

Honestly I think taxes in this country are getting a little out of control. This is my first year out of college and they are taking almost 500 bucks a week. What a bitch...:rant:

Re: Taxes
 

you are pretty much screwed....lol...sorry....but it sounds like you are probably just as well of filling out the 1040 short form. The STANDARD deduction is about all you will end up being to take....which is a pretty big chunk of change....its been bumped up so high that even with my home mortgage (of which I can deduct the interest) I don't have enough stuff to itemize to come up with a value greater than the standard.....

Just so you do NOT miss out on an opportunity....it may be worth it this year for you to seek some professional assistance...like H&R Block....there may be things associated with your education that are deductable....

check into it.....

Wonders of the IRS. Hit a certain age and it almost doesn't matter if you make anything. lol.

They must see the hot car you're driving around in and thought she must be making more than she claims. :D

Especially if you've got those new rims on and are wearing your 'washing car' outfit.

Re: Taxes
 

You mean we should use a special tax deduction form if we install a turbo? :D :D :D :D

Have you started to pay students loans back this year? If you have, your loan institution will send you a letter stating how much interest you have paid for the year. Usually that amount is deductible.

Yeah I did start paying the loans, but I think I need to itemize in order to take advantage of that...which won't be worth it for me.

Foxy-mazda...I don't think it is in any way possible for you to owe 900 bucks if you still live with your parents. They can claim you as dependant, so when you claim 0 and file your taxes...unless you worked full time and made real decent money...there's no way you owe taxes.

You do not itemize...it is a straight deduction similar to interest on a house. Everyone that I know take the deduction. Speak to HR Block, I currently pay back to Sallie Mae....yours may be different.