Will you get more $ by itemizing in your tax refund for business travel mileage checks paid already?
151369
That would be "double dipping" and is frowned upon. You could, however, review what your refund would look like if you just took the federal deductions and didn't receive the mileage checks.
331983
you don't want to find that out. penalties and interest can get costly. if you did this i suggest you amend the return asap.
593118
IR-2005-99, Sept. 9, 2005\n\nWASHINGTON — The Internal Revenue Service and Treasury Department announced an increase to the optional standard mileage rates for the final four months of 2005.\n\nThe rate will increase to 48.5 cents a mile for all business miles driven between Sept. 1 and Dec. 31, 2005. This is an increase of 8 cents from the 40.5 cent rate in effect for the first eight months of 2005, as set forth in Rev. Proc. 2004-64.\n\n<edit>\n\nWhile gasoline is a major factor in the mileage figure, other items enter into the calculation of mileage rates, such as the price of new vehicles and insurance.\n\nThe optional business standard mileage rate is used to compute the deductible costs of operating an automobile for business use in lieu of the extra burden of tracking actual costs. This rate is also used as a benchmark by the federal government and many businesses to reimburse their employees for mileage.
546913
You better talk to a tax person.  If you've filed already, and took the deduction, then you'll have to amend.  But if you went to file and realized your mistake, they can help you back out your money.
185417
Not only will your standard deduction go from $5000 to $10,000, but your exemtion will also go up from $3200 to $6400. Do keep in mind, like already mentioned, that both incomes are counted, not just one.
548669
As mentioned earlier no.  However, if you chose to direct deposit the refund, it will cut down the time by a couple of weeks.
374112
You will want to keep track of your expenses on the road, keep reciepts and store them.  At the end of the year when you file your taxes, you will need to file an additional schedule such as a schedule "C".  This will allow you to itemize your deductions (work related expenses).  Pay close attention to the total of your deductions, there are two types.  One is a national deduction based on your income, the second is your list of itemized deductions.  As you are only allowed to use one of the two; make sure to use the one that is larger, thereby earning you a larger refund on your taxes.\n\nGood Luck,\nHope this helps
236603
it shouldnt but you may wanna see if it'll interfere with your refund
994934
yes\ncall your state department of revenue and they will tell you or go online to your state department of revenue and then they have a refund site where you can check the status or call your local office
848560
Whooah.. lotsa questions.\nWith you only making 2000 this year you don't need to file but if you are going to here's the info you requested: \n\nAs far as itemizing, you just need to make sure that it is higher then your standard deduction. (SEE SOURCE)\n \nWith the 1500 on surgery this would go on your Schedule "A" and it's limited up to 7% of your income.\n \nAs far as buisness expenses on the Schedule "C", everything is a Dollar per dollar deduction. It sounds like you should defenitly do that schedule c, which is just another way of itemizing. \n\nIf you are tring to deduct those 80 miles - you can, somewhat, you can deduct the gas it took to get you out there (standard or actual if you have been saving your reciepts), but using your time as a deduction.... I think not. \n\nBe careful about buying that laptop. You should probably find out how much your estimated quarterly tax payment is (DUE JAN. 15th) before hand. (SEE SOURCE)
55272
To the extent that your losses exceed your gains, you can apply up to $3,000 against earned income. This has the effect of reducing your AGI, which does in turn reduce your tax liability. If you didn't owe any taxes prior to the capital loss being taken into consideration, then yes, including the loss would increase your refund, but not dollar-for-dollar. If you have losses in excess of the $3,000 allowed, you can carry the excess over to next year's taxes.
284510
Are you asking about your refund?\n\nNew program enhancements allow you to begin a refund trace online if you have not received your check within 28 days from the original IRS mailing date.  Some of you will also be able to correct or change your mailing address within this application if your check was returned to us as undelivered by the U.S. Postal Service.  “Where’s My Refund?” will prompt you when these features are available for your situation.\n\nFor details:\n\nhttp://www.irs.gov/individuals/article/0,,id=96596,00.html
1105322
Car payments, no, assuming you own the car.\nHowever, you can deduct a proportionate amount of the interest on the note (or lease payment if car is leased), maintenance, repairs, gas, insurance, taxes etc.  The ratio will be your business miles divided by total mileage for the year.  If you have not (or do not) save your receipts, you can elect to use the standard mileage rate (changes each year) and apply that to your business mileage.  However, if you choose to use the actual expense method, you have to use that method as long as you have the car or are in that business.  You will have other issues as well if your business usage is over 50%.  I personally suggest people use the mileage rate since the record-keeping is easier and, unless you are driving a luxury auto, the deduction is typically higher.
176594
You failed to negotiate this at the outset but if you don't ask then you STILL won't get it.  You have nothing to lose by asking for "some" assistance.  Maybe asking for a "partial" allowance may make it easier for the bosses to say yes!  Check with your tax preparer on what exactly you can claim for mileage, I know that you can't claim miles to and from work (and MOST travel allowances don't pay that either), but I don't know about miles during work.
779986
You can't "write it off."  The $500 IS income (you would have to pay for the car yourself otherwise,) and the 22 cents per mile pretty much seals the deal -- you are being given a car by a company, and you can't even claim the normal "I use it 60% of the time for business" sort of deduction, because you're also getting paid for that.\n\nYou can offset the $6,000 untaxed income (for which you'll be paying up to $2,000 in taxes) by charitable deductions, paying into a 401k or other retirement plan, etc, but you aren't going to be able to duck the hit on your taxes.  The amount may be high enough, in fact, to incur penalties for underwithholding, so doing what you can today to get the untaxed income covered might be a good idea.\n\nYou should also consider and discuss with the company if there is a better way to handle this.  They may be doing it for any number of reasons, or they might just do it as a "default" and have other options (best one being "they own the car, you use it ONLY for business reasons.")\n\nSee IRS publication 463, chapter one and, more specifically, chapter four.  I've provided a link in the "source" below.  You should also consider consulting a tax professional and/or accountant if reading Pub 463 gives you a headache.
146073
Yes.\n\nI have used it in the past. Got a refund too.
493405
If your waiting on a paper check, then yes, it's probably still in the works. However, if your concerned to make sure they got the return, or to make sure the check or direct deposit has not gone wrong, go to IRS.gov and find out the contact number for calling about your refund.\n\nEach state is completely responsible for collecting it's own taxes or doing refunds and completely disaggregate from the Federal IRS. Sounds like your state is on the ball.