Tax Deductions

You can deduct the student loan interest if you have any that you paid. I think there is a limit though and not sure how much that is.

Look at you situation as far as filing. You'll most likely file joint but in some cases it's better to file separate in the first year of marriage but I bet you'll do joint.

What kind of vehicle? I think the flex fuel get something.

You can also write off some expenses for looking your first job and movement expenses if it was over 50 miles.

You can write off mileage for business if you weren't compensated for that from your family. It's 51 cents a mile.

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so if i drive to work say 40 miles a day....that's $20.40 I can write off?

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No, getting to and from work is not deductible, driving for work related activities is

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Poodlebrain would be the best poster to let you know.

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paging poodlebrain

If you bought a new vehicle in August of last year, you can deduct the Sales tax paid on the vehicle.

Travel and mileage expenses for National Guard and reserve duty are treated differently than other non-reimbursed employee business expenses. First, they can be deducted above the line rather than on Sch. A at the standard mileage rate and up to the federal per diem rates for meals, lodging and incidental expenses. Any expenses in excess of the federal per diem rates are deductible on Sch. A. These rules apply to any travel that is overnight and for distances greater than 100 miles from your home.

So you would have 10 months worth of travel that could qualify for deduction above the line, and the 11th month wouldn't since the drill location was only 75 miles from your home. That month's mileage and travel expenses would be deductible only on Sch. A.

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Travel and mileage expenses for National Guard and reserve duty are treated differently than other non-reimbursed employee business expenses. First, they can be deducted above the line rather than on Sch. A at the standard mileage rate and up to the federal per diem rates for meals, lodging and incidental expenses. Any expenses in excess of the federal per diem rates are deductible on Sch. A. These rules apply to any travel that is overnight and for distances greater than 100 miles from your home.

So you would have 10 months worth of travel that could qualify for deduction above the line, and the 11th month wouldn't since the drill location was only 75 miles from your home. That month's mileage and travel expenses would be deductible only on Sch. A.

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well Thanks anyway