What is the name of your state? FL
If anyone has a min, I would greatly appreciate a response to these q's that probably have simple answers. Thanks!
- If medical expenses amount to 7% of one's gross income, they are deductible. I read somewhere that health and dental insurance premiums are part of this 7%. Does that also count for health and dental insurance premiums that were taken out (of paycheck) BEFORE taxes? How about life and disability insurance premiums?
- Deductible state taxes: Does anyone know a good website with info on this? Is there a percentage of income that needs to be reached before these can be itemized?
- Tax prep fees (for processing of '05 taxes) are deductible no matter how much it cost?
- $ transferred from overseas accounts to US accounts: does that money need to be reported to the IRS even if taxes on that money have been paid in the country of origin?
Thanks!
If anyone has a min, I would greatly appreciate a response to these q's that probably have simple answers. Thanks!
- If medical expenses amount to 7% of one's gross income, they are deductible. I read somewhere that health and dental insurance premiums are part of this 7%. Does that also count for health and dental insurance premiums that were taken out (of paycheck) BEFORE taxes? How about life and disability insurance premiums?
- Deductible state taxes: Does anyone know a good website with info on this? Is there a percentage of income that needs to be reached before these can be itemized?
- Tax prep fees (for processing of '05 taxes) are deductible no matter how much it cost?
- $ transferred from overseas accounts to US accounts: does that money need to be reported to the IRS even if taxes on that money have been paid in the country of origin?
Thanks!