Lucsha asked: I am legally forced to buy car insurance, mortgage insurance, homeowners insurance, donations through property taxes already. With this healthcare issue on the horizen will we be forced soon to buy medical insurance? How much power does the government have to enforce these purchases on us and how far can it [...]

KKG asked: Age 60, male live alone, rent
did not work 2007
some interest incomes
made some donations to charity
paid IRA withdrawl tax
paid car registration renewal fee
that’s about it.
which form to use?
thanks in advance

Technorati Tags: Car Registration Renewal, Charity, Donations, Incomes, Ira Tax, Tax Filing, Tax Form, Thanks In Advance, Withdrawl

progress asked: Please kindly advise the type of donations to charity that are tax deductable? I’m thinking of donating a used car and some used clothes and used computers. Are this deductable. And what will i get on the deductions? Will i get the current value?
Also please tell me what else we do in our [...]

abbyandbrett asked: I want to make sure I get the biggest possible refund. I will be seeking the EITC and the CTC, as well as deductions for gifts and donations. Also, I want to claim the wear and tear on my car used for business reasons and all the tools I had to buy for [...]

sphinxxikitten13 asked: This is the first year we are going to try to claim any of our donations on our taxes, cause well we REALLY need to the money. lol
We donated about $250 worth of clothes, children toys and accessories (high chair, 2 car seats), 2 VCRs, a DVD player, and a Stereo [...]

wldcatwndrgrl asked: I donated a car in 6/2004 and never had a chance to itemize. This year I think I can. Is the car still deductible? What is the limitation on this?

Technorati Tags: Donations, Taxes

Kimberly asked: I have someone that racing a car at a track. I would like to figure out how much my boss could write off for sponsering him. So say he gave the guy 5000 could he write that amount off on his taxes for donations?

Technorati Tags: Boss, Donations, Promoting Business, Sponsering, Tax Exemption, Taxes