Can I claim University condition insurance cost on my taxes?
I'm using Turbo Tax Freedom Edition on my state return and it's asking me if I paid condition insurance. I did pay $650 to the University I go to for Health Insurance for the Fall '07 semester and I didn't enter that information anywhere else on the return. However, the total number of scholarships and grant I received totaled more than the combined cost of tuition, frees and the insurance. Does that matter? Can I still claim the $650 as an "Eligible condition insurance premium"?Answers: Health insurance premium would be part of the medical cost conclusion if you itemize.
What you can and cannot claim on your state taxes varies by state. On your federal form, you must itemize within order to claim medical costs and you can include the insurance premiums remunerated there if they be paid near after-tax dollars.
I don't know what your particular state allows you to claim. When it is "asking me if I remunerated health insurance", next answer yes. Let the software figure out the scholarship, grants, etc. for you.
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Health insurance premiums can be deduct as a medical expense, but only if you itemize plus some other condititions. The arbitrariness that as a student you have ample deductions to itemize though are completely slim, so go ahead and enter it but it isn't promising to end up giving you any charge benefit.
How do i find out how much i owe th IRS?
I just did my taxes and file for rapid discount. I went to take my check and the tax bureau said my loan was turned down due to me owing. I be unaware of owing anything. How do i find out how much i owe and why? The place that did my taxes be unable to relay me anything.Answers: The tax bureau can give you a phone number to phone and they can explain what's up. Do you owe child support? Did you get money stern last year? Unpaid child support is the big kicker if you don't owe subsidise taxes.
Do amish people pay taxes?
Answers: Yes my lady they do!
They pay real estate taxes, sales tax, if they have income they pay state and federal income taxes just like everyone else.
They do not pay into social security because they refuse to accept it even when eligible. They don't believe in anything that is insurance. Since they have refused to accept SS it was determined they would be exempt from paying into the fund.
Intresting!
I think they do still.
Yes, the same as everybody else except they are allowed to exempt themselves from social security and medicare taxes on income from self-employment.
If you're interested, this is a popular forum for members of the Amish community, you may find more answers here...
http://christianforums.com/f668-anabapti...