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My employer pays me under the table, does he benefit from this in tax breaks?

December 24th, 2008 7 comments
katesgates3567 asked:


Small business, owner pays me under the table 8/hr. He says it’s like being paid 10/hr. But I believe he may be benefiting from this in some way through tax breaks. Could he be?

What kind of tax breaks or credits can i get with this situation?

December 11th, 2008 1 comment
ncsustandup asked:


I am single, make 30,000 a year working full time and I am also in school full time. Is there any tax breaks or credits I can receive?

Pennsylvania tax breaks when owning 10+ acres of land?

November 23rd, 2008 2 comments
kmw3145 asked:


Does anyone know where I can find more information on this? I’ve heard that the state of PA has tax breaks for those owning 10+ acres of land. Is this even true?

How do I file for taxes on a military disability separation pay?

November 13th, 2008 1 comment
boredatwork asked:


My husband recently got out of the Army on a medical board. With that, he recieved a severance pay that is not taxable; however it is taxed at first for some reason (it is like this for all military separation pays). He receieved the pay last year, but his VA rating didn’t come back to us until after Jan. 1. Does anyone know how to file to receive these taxes back? I know, from other people who have had the same thing done, that we are going to receive the entire taxed amount back, but we just don’t know how to go about filing it and none of the professional tax places we have called have ever dealt with this. Anyone have any advice or has anyone gone through this before? Thank you!!!

What are the tax breaks you can utilize if you have a special needs child?

November 6th, 2008 3 comments
H Brooks asked:


I know we can claim our co-pays, medicine and supplements that are prescribed by our doctor, and specialty diet items prescribed by our doctor due to food/protien allergies and intolerances, but is there any other breaks other than those that we can get or other areas that we can claim. Its been a tough year and we need all the help we get! Thanks.

I sold stock to pay for a house downpayment – any tax breaks?

November 5th, 2008 4 comments
jcBoston asked:


I sold some stock to pay for a portion of my house downpayment. I now have to pay long-term cap. gains on it but was wondering if I can realize any tax break because the money went into my house?

Categories: United States Tags: , ,

I would like to know that how would I get Tax breaks on like food fuel and ECT?

November 2nd, 2008 1 comment
mauricito_81 asked:


I work at a bus company that requires me to do lots of traveling to different towns and I was just informed that their are ways to have tax breaks/deductions

Could TurboTax help me figure out how my income and mortgage payment (or rent) affect the tax breaks I get?

November 2nd, 2008 3 comments
Praveen Pradeep asked:


I am trying to figure out if I am better off renting or buying but cannot make an informed decision without understanding how it will affect my tax breaks.

What is the best resource to use to find tax breaks?

November 1st, 2008 1 comment
Sky asked:


What would be the best website to find things that could be used to get tax breaks?

Tax breaks for more than 2 kids?

October 31st, 2008 2 comments
jjjj49202 asked:


Taxes – when I file taxes, I get a large rebate, I usually claim my self, spouse and 2 kids. This year, we let a relative child live with us from Dec. 2006 till Dec. 2007.(full 2007 year) is it true that my tax rebate isn’t going to be any larger if I claim the extra child? I’ve been told you only get tax breaks/rebates for the first 2 kids, after that, it doesn’t give you any more. True or not?