Archived
If someone pays my mortgage as gift how this should I affect my taxes (e.g. Capital gain or similar)?
Dennis's answer
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Answered on January 28, 2015
Gifts are not taxable to the recipient. Whomever gives you the gift will have to prepare a gift tax return and may have tax consequences depending...
Archived
Does my mom have to claim my money and does that lower her return
Dennis's answer
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Answered on January 28, 2015
This income is not taxable to your mother.
Archived
My husband & I receive social sec disability and we have custody of our grandson who is 2yrs. How can we claim him on our taxes
Dennis's answer
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Answered on January 28, 2015
You are taxed on all of your taxable income, not just the earned income. So, if you are legally required to file a tax return, you would still be...
Archived
As a non-custodial parent with a signed 8332 form, can I also claim child care expenses?
Dennis's answer
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Answered on January 28, 2015
All you'll get is the exemption and the child tax credit as well as any medical expenses that you paid.
Archived
Can my adult daughter claim me as a dependant on her taxes for 2014?
Dennis's answer
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Answered on January 28, 2015
It seems like you will be over the limit for your daughter to claim you. She will likely get something back even without claiming you.
Archived
Can you claim state taxes on your schedule A for state taxes from 2009,2010 that you have caught up. And what line would that
Dennis's answer
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Answered on January 26, 2015
As long as you paid them in 2014, you can deduct them. If they are state income taxes, it goes on line 5 of the Schedule A.
Archived
Tax question:I am doing a research on tax history for my school. Where do I find federal and state income tax rates since 1913?
Dennis's answer
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Answered on January 24, 2015
This is not an official government site, but it seems helpful nevertheless.
Archived
If i claim my 24 year old son as a dependent on my federal income tax return will i have to pay for his military debt?
Dennis's answer
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Answered on January 24, 2015
You are not responsible for another's debt just because you claim him on your taxes. If you cosign on a loan, then you are responsible in the...
Archived
Taxes: who claims kids
Dennis's answer
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Answered on January 24, 2015
You get to claim the kids since they live with you will be deemed the "custodial" parent for tax purposes. The $12,000 you earned from eBay is...
Archived
Do you need to report tax even you are getting SSDI benefits?
Dennis's answer
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Answered on January 23, 2015
If you are required to file a tax return, then all income including social security is reported. Anywhere from 0 to 85% of social security...
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