At What Point Can You Take Tax Deductions For Businesses?

Question by Goat | Posted in United States

A bosom buddy and I are developing a service that we intend to market, but it will be at least one year before we are able to generate yield.

In the meantime, my friend will be incurring a lot of costs to get this service marketable. At this point would he be skilled to deduct these costs

What Are All The Income Tax Deductions In A Payroll From Philadelphia PA?

Question by geniepr | Posted in United States

My tranquillize is getting paid $12/hr this payroll gross was $918. The deductions are $278.40 (youngster support) and all the other taxes deductions. I see everything in order but they started also holding Philadelphia local Profits tax for $88.04. I did know about Federal Income tax and PA income

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Can Tax Deductions Help You Qualify For Earned Income Credit?

Question by jodi w | Posted in United States

I mostly get earned income credit, but this year I am a couple thousand dollars above the limit. I have lots of deductions and was wondering if this would daily help. Also want to know if turbo tax is as easy as they make it out to be?

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What Kind Of Tax Deductions Can I Get For Selling Items On EBay?

Question by nikitaalc | Posted in United States

I have been selling items that I own (that are laying around the homestead) on eBay. I have also made bulk purchases that I intend to resell. I am curious as to what kind of tax deductions I can use on my taxes next year.

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