What tax deductions can a registered nurse take?
100662
Deductions for professionals tend to be similar.  Tax Preparation programs go to great lengths to explain them to you. One such program, and the one I use is Turbo Tax. I also use Quicken for Business which downloads much relevent information into Turbo Tax each year. The two programs work well together. If you are not confident in preparing your own taxes you should consult a CPA. However, if you are a college educated registered nurse I think that you will be more than capable of preparing it yourself with the assistance of a tax preparation program. Deductions vary widely. For instance, Nurses are required to have continuing education each year, as are all other proffessions. If you find a qualified continuing educatiobn class in Mexico or the Bahamas and attend it, your air fare, hotel room, food, and all other expenses related to the trip expense to obtain the continuing education credits are tax deductible. But the tickets to Disney World for your family would not be. Neither would the air fare and expenses for your family if they accoompanied you. Good luck
211391
You cannot deduct gas for medical expenses. You may however deduct any uninsured medical you pay, mileage you drive to the dr's and to get prescriptions, and any medical premiums you pay with after tax dollars. Only a percentage of these are deducted and the total MUST be greater than 7.5% of you AGI(adjusted gross income). If you try to deduct these, then your total Schedule A MUST be more than your standard deduction or it's really a waste of time to try and get this together.
13963
There are medical tax write offs you can do. But you need to combine it with a regular expenses too.. So basically yes/ with limitations
885023
There is a HUGE booklet that the IRS offers to explain what is and is not tax deductible and how to claim the deduction.\n\nExample:  Work expenses for and employee that are not reimbursed are only deductible on a Schedule A and then only the amount over a percentage of the income...very confusing stuff.\n\nAnother example is meal deductions - only if over so many miles from home and then sometimes only half of the lower priced meal since you would have to eat anyway...\n\nCheck www.IRS.gov in publications for the book.  You can download it as a PDF file or mail it.  I did both so I could search using Control F for specific things I wanted to know about...It will also tell you the record keeping requirements and which forms to use.
98759
No you can not.\nThere are exceptions.\nIf your pet generates income, like comes out on commercials, movies etc., then you can deduct whatever expenses you have for your pet.
428723
If you are a single individual this is simple.\n\nYou may find someone in your company's personnel or payroll office that can advise you, but if your situation is unusual you should see a tax preparer or IRS adviser. \n\nIf you are a single person with no dependents claim Single and 1. If you do this you will have no significant refund or added tax to pay with next year's tax return. If this applies to you, you do not have to read any further.\n\nDo you want to use your withholding tax as a savings account? - only a strategy for those who can't save. If so, claim your actual status and fewer than allowed exemptions, for example, S-0, Single and zero.\n\nIf not, then take one exemption for each person that will be included on your tax return as a dependent, and one each for you and your spouse. \n\nIn addition, if you own a home with a significant mortgage, which when combined with state taxes, real estate taxes, personal property taxes, charitable contributions, and other itemized deductions will exceed the standard deduction, you may want to add an additional exemption to your W-4.  \n\nThe exemption allowance for 2006 is $3300 and the standard deduction is $5150 for Single and Married Filing Separately, $7550 for Head of Household, and $10300 for married Filing Jointly.\n\nSo if you're a married person with two children, a wife, who does not work outside the home, and you have a mortgage and other itemized deductions totalling more than $13,600 ($10,300 + $3,300) you are permitted to claim  Married and 5. [Spouses (2) Children (2) and deductible expenses exceeding the standard deduction (1)]\n\nThis strategy may only be used by one spouse of a married couple when they both work. They should also adjust their withholding when their combined earnings will place them in a tax bracket that charges a higher tax rate than either of their individual tax brackets would.
52533
if you are an educator you can deduct up to 250 in educator expenses. If you are a student you get tuition and fees deduction or hope credit or lifetime learning credit.
658880
Assuming you're referring to deductions that can be claimed on an individual return (as opposed to a business return)...\n\nBelow is a list of helpful publications from the IRS.  These publications do include examples of items that are deductible, however keep in mind the IRS is great at telling you what you what is not deductible - in other words their advice is not "aggressive" when it comes to deductions.\n\nForm 1040, Schedule A (Itemized Deductions) -  http://www.irs.gov/pub/irs-pdf/f1040sab.pdf\n\nInstructions to Schedule A - http://www.irs.gov/pub/irs-pdf/i1040sa.pdf\n\nAdditional Guidance on Deductions for Medical Expenses - http://www.irs.gov/pub/irs-pdf/p502.pdf\n\nDeductions for Mortgage Interest - http://www.irs.gov/pub/irs-pdf/p936.pdf\n\nDeductions for Investment Interest - http://www.irs.gov/pub/irs-pdf/p550.pdf\n\nDeductions for Charitable Contributions - http://www.irs.gov/pub/irs-pdf/p526.pdf\n\nDeductions for Casualty & Theft Losses - http://www.irs.gov/pub/irs-pdf/p547.pdf\n\nDeductions for Job Expenses & Other Miscellaneous Deductions - Unreimbursed http://www.irs.gov/pub/irs-pdf/p529.pdf
133338
depends on what method you choose and what kind of machinery. also if you take additional first year depreciation.\n\nsee irs.gov
252497
Medical and dental expenses, medical miles, income taxes or general sales taxes, real estate taxes, personal property taxes, home mortage interest and points, investment interest, gifts to charity, casualty or theft losses, unreimbursed employer expenses, tax preparation fees, safe deposit box fee.\n\n\nNo pets!\nI hope this help you.
26432
Section 179 of the Internal Revenue Code now allows taxpayers to deduct certain capital assets such as computer costs along with software (up to $24,000 in 2004). This comes about the fast paced world of techology where technology related assets used in the business usually are outdated within one year. Thus, you can under these circumstances deduct the entire amount within the current tax period against your business income. Also, you can qualify for this deduction even if you purchase the computer on credit. If you provide more details about this question, the answer can be expanded.\n\nHope this helps.
34222
You have to use form 1040, schedule A. Chances are, if that's the only deduction you would take, that the standard deduction is better for you. The student loan deduction isn't that great. Between it and the Hope credit and Lifelong Learning Credit, you'd be lucky to get $1k.
289374
The college expenses qualifying for a tax deduction are any non-reimbursed educational courses an employee may take to assist with their job.
915467
self-employed health insurance does not get deducted on your business tax return, or schedule c.  it gets deducted on your individual tax return.\n\nyou may be able to deduct health insurance you paid for yourself, your spouse, and your dependents if any of the following applies:\n\na) you were self-employed and had a net profit for the year\n\nb) you received wages from an S-Corp in which you were more than a 2% shareholder\n\nThis would be deducted in full on line 29 on the face of the Form 1040 (federal tax return) as an adjustment to your AGI.
934411
Interest: \nEvery year you can deduct up to Rs.1,50,000/- from your income.  In your case this deduction will become Rs.1710*12= Rs. 20,520/- \n\nRepayment of Principal: Rs.2708*12=Rs.33,684/- (This is 80C deduction)\n\nMax. Rs.1,00,000 per year including other 80C deductions like purchase of NSC, Payment of LIC premiums, children school fee.
855856
Those expenses are only a factor if you choose to itemize.  If the "we" in your questions suggests that you are married and intend to file jointly your standard deduction for 2006 will be $10,300.  The portion of medical expenses that exceed 7.5% of your AGI are deductible.  That amount and your other deductions would need to be greater than $10,300 before you would make that choice. But you should still keep the documentation of those medical expenses.  You would include in your medical expenses any mileage you drove to receive the care.  The rate for 2006 is .18 cents a mile.
203857
You can not take a deduction for them. If they had a social security number and lived here and you pd 50% of their support you could. You might see if there is a non profit (like a church) org that you could donate to that would help your family. That would be the only way. Bless you for taking care of them!!!