show it on my taxes when I file, and in which section?
2- Can you claim car insurance premiums? ( I couldnt find anything addressing that on tax slayer)
3- I made a donation to salvation army - about 15 bags of clothes and shoes - they gave me a receipt but they did not itemize -or specify a dollar amount, How should I claim it ?
Thanks
1 - No
2 - No
3 - You determine the value. Donations go on Schedule A (Itemized Deductions). If you go over $500, there are more forms to fill out (Form 8283 ?????). Two things to keep in mind. One, used clothing is worth much less than you think and can only deduct its value, not its original cost. Two, donations only get you a tax benefit if you itemize. If you are not paying on a mortgage, you probably won't have enough to itemize and you will get no benefit from the donation....besides clean closets.
1. Unless it was deducted as a business expense (not just claiming flat amount for milege) it is not considered income and not taxed.
2. Unless you are closely tracking all vehicle expenses, using the vehicle for a business, etc. why would insurance premiums be deductible? If you are using this vehicle for business (other than communting to/from work), there are a lot of qualifiers and forms - check IRS site. If you are deducting and/or being reimbursed a flat milege amount, then it is not deductible since its cost is already covered in the milege reimvursement. (Personally, I recommend the milege reimbursement unless you are using the vehicle almost exclusively for work and have it's ownership under the business).
3. You have a receipt. That is all you need.
Side note: This is not the place to ask these unless you are looking for general ideas. Research the IRS site and/or tax accountant.
1. No
2 No, if it's your personal car. If it's a business car, then probably yes, at least in part.
3. You can't, unless it's itemized. If it's itemized, then you could get dollar amounts from their website showing about what the items would be worth.
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