taxes

Home

Chat

Blogs

Collection

Directory

Home : 2002 : July : 29

taxes
By Anna

The only way you can itemize your deductions you spend for your job is if you do a 1040A (long form). And mostly the only way it is profitable is if you own your own home and itemize your deductions for the house. Also,
I couldn't "write off" the expenses for school last year because it has to be a certain percent (and what I spent didn't meet that percent). I think the percent was based on your taxable income. If you are purchasing a new computer system for your home (even if you will use it for school) I really doubt you can count that- mainly because it's at home and will not be purchased soley for

the purpose of your job. If you kept it at school and used it there, you might be able to legally write it off- but I'm not totally sure. Now, I do save receipts for the ink cartridges I use for printing things for school (I go through a lot of ink printing forms for school) and add those to my folder of school expenses.
Anyway, I'm not a tax genius, but do know more than I used to since we bought our house 5 years ago. If you don't own your own home, (even if you're married) the standard deduction is going to be your best bet.
Contact a cpa to find out for sure (tax laws change so much from year to year).