can i deduct hurricane evacuation expenses on my 1040?
147746
Hurricane evacuation expenses are not deductible. However if your property suffered losses due to the hurricane, you can deduct the loss without being limited to $100 plus 10 percent of your adjusted gross income.
199627
The deduction is for a casualty/theft loss.  And a PORTION of the $3000 may be deductible.  You need to find out what the actual Fair Market Value of the car was (use a blue-book, not your estimate).  Subtract any reimbursement your recieved.  And then subtract $100.  This is the amount you can claim as a deduction.\n\nHowever, in order to take the deduction, you have to be itemizing your tax return.  Combined with the car loss, do you have paid medical bills, mortgage interest, personal property tax, and/or chartity contributions that add up to more than $5000 (if you're single, $7500 for HOH, or $10000 if you're married)?\n\nIf not, it's not beneficial for you to claim the loss.\n\nAnd Jeff is right.  I forgot about the 10% of AGI.  Guess I should look next time before answering from memory =)\n\n**As a side note, full coverage is to make sure you are reimbursed dollar for dollar for your loss.  It has nothing to do with a deduction on your federal tax return.
95181
Yes, if insurance didnt cover all of it.  You have to itemize to claim it.  Use form 4684 and Schedule A.  After you figure your loss you have to reduce it by $100 and then reduce it again by 10 percent of your Adjusted Gross Income.  Refer to IRS Publication 547
1169195
coverage for the dwelling, other structures, personal property. loss of use of the propetry  I also have windstorm and hail storm coverage with a $500 deductible.
751330
im assuming youre talking about the sales tax added to each monthly payment.  if so, you are NOT allowed to deduct this amount as an itemized deduction on schedule A.\n\nfor 2006 you are no longer allowed to deduct sales tax instead of state and local taxes paid.\n\nthe only taxes you are allowed to deduct are real estate taxes, state and local taxes paid and foreign tax.
180230
Great Answers so far!   You are off to a great start.\n\nBelieve it or not, you also need information from your 2004 return.  You need to know how much you paid to the IRS in Taxes.  It is found on the 1040, 2004, on line number 43.\n\nYou need this because you must determine if you have an underpayment penalty.  BTW, you dont want one do you?  If you paid in more than 90% of what you owe this year, you will not pay any penalty.  \n\nTo avoid this penalty next year, for April 2007, you need to pay quarterly taxes this year.  Your first quarterly is due April 15.  Surprize!  The quarterly payment  should be one quarter of your this years total tax, if it appears that you are going along with about the same amount of income as last year.\n\nYour quarterly will be 150, maybe, see below.\n\nYes, you are going to enter the 27,000 on a Schedule C.\n\nYes, you need to get a look at a Schedule C and see all the possible deductions you can take.\n\nStart with your car deductions.  In general, you have to determine whether you will use the total number of business miles X the government rate or use the actual expenses including depreciation for the driving the business miles.  \n\nWhich do you think is easier?  \n\nYou guessed it the government rate.  It is per business mile!!  Ok it is tricky.  in the first 8 months, it is 40.5 cents per mile.  After Sept. 1, it is 48.5 cents per mile.\n\nSee the government actually thinks you have been keeping track in writing.  Not the reciepts, the actual NUMBER of miles.  If you need help, let me know.\n\nAnyway, you get all the expenses you can because you want to reduce the income on the Sch C.  All the C income is taxed as Self Employment tax of about 15.3%. \n\nThen the income goes back to the front of your 1040 and flows from there.\n\nSo, on my computer, ProSeries, also from Intuit, but not TurboTax, assuming all the best and no penalty for underpayment and 10,000 business miles, your wife had no income, you had no interest income, and nothing else either plus or minus, AND you are at least 25 years old!!! you owe $598 for 2005.  \n\nBe sure to send in the quarterly of 150!!  There is a special form for it so that it gets properly credited.\n\nIf both of you are not at least 25, let me know.  If you or your wife are were at least 25, on December 31, go in peace.\n\nBTW, you may want to very soon get your tax taxes going and get them finished off too.\n\nMeanwhile, I hope I was some help.  If you want to contact me feel free.  \n\nIf you are wondering why I wrote and take the time to put it on my machine, I just didn´t want you to get scared at the sight of $3500.00!  I know my wife and I would not have liked seeing that!!\n\nGood Luck.
1177795
Use a Schedule A on a 1040.  Not 1040EZ or 1040A.  Add up all your medical bills and health insurance premiums.  \n\n1)Multiple that amount by 7.5% of your AGI (last line of 1st page of 1040).  \n\n2)Add your real estate interest, your real estate taxes, personal property taxes.\n\n3)Add up everything you gave to charity.\n\n4)Add up your casualty and theft losses (MUST use form 4684).\n \n5)Add up Job expenses and other misc expenses (use form 2106).  Multiple that amount by 2% of your AGI.\n\nIf those amount equal over a certain amount, use can deduct the property tax on your fedal return.\n\nFor 05, I think those amounts are $10K MFJ\n$7500 HH or QW\n$5K S or MFS\n3)
800845
I live in Miami, Florida and houses are soooo expensive that I am looking forward to renting and saving money to then move up north. Taxes this yr came between $6000-10,000 thats horrible. Its due to the hurricanes we had last yr.
274282
If you have a loss on you schedule D The amount of the loss is then carried over to the 1040 on line 13. I hope this answered your question.
143819
If you itemize your deductions, then your state taxes are deductible from your federal taxes.  Other common large deductions include real estate or property tax, interest on home mortgages, and (if you don't make too much money) the interest on student loans.
107387
If you itemize deductions it's 1040. If you just use standard deductions its 1040A
114847
No, you don't have to claim this as income, but you also cannot claim child care expenses as a deduction.  You have already gotten this money tax free so you can't deduct it again.
23576
You can deduct all reasonable business expenses you incurred. Read: http://www.irs.gov/pub/irs-pdf/i1040sc.pdf
126810
Check out this link: http://www.irs.gov/irb/2006-11_IRB/ar11.html#d0e3299\n\nAnd your furnace needs to be a minimum of 95% efficient to get tax deduction. More than likely, these are going to be high end units--which means expensive units.
108540
i think you can file using a substitute w2 form but to be 100% sure you can call the IRS help line found in the 1040 instruction booklet.
155562
You can write off medical expenses.\n\nYou can donate stuff to the Goodwill, donate a non-running car, or open a retirement account.\n\nYou need to talk to your tax consultant as you may have deductions that you do not know about.
182078
Here's the beginning of the answer:  "The only settlement or closing costs you can deduct are home mortgage interest and certain real estate taxes. You deduct them in the year you buy your home if you itemize your deductions. You can add certain other settlement or closing costs to the basis of your home."\n\nThat comes from IRS Publication 530; you can look over the whole document at the link below.  It has more complete explanations.