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Author Topic: 2008 Tax Return  (Read 5208 times)

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abnormaltoy

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Re: 2008 Tax Return
« Reply #30 on: Jan 28, 2009, 06:02:22 PM »
Quote from: red on Jan 28, 2009, 05:41:21 PM
turbo diesel 6.5L in the yukon, more free flowing and the current (stock) exhaust is getting plugged up pretty bad.

I was hoping you had a diesel!
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The things that come to those who wait, may be the things left by those who got there first.

I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.
-- Winston Churchill

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blackdiamond [OP]

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Re: 2008 Tax Return
« Reply #31 on: Jan 29, 2009, 05:29:22 PM »
Quote from: brockbuilt85 on Jan 21, 2009, 11:42:08 AM
you can deduct student loan interest no matter what from  what i understand

I just got my wifes 1098-E for student loan interest and tried to input it into Turbo Tax.  Our AGI exceeds the limit to claim a deduction, but I noted the following eligibility requirement:

"Your filing status cannot be married filing separetly."

I also noted that you can claim a deduction for student loan interest on loans that your parents helped you pay.  I'm sure that both parties cannot claim the deduction so I'd research it more before I put it on my tax return.
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brockbuilt85

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Re: 2008 Tax Return
« Reply #32 on: Jan 30, 2009, 05:53:19 PM »
Quote from: blackdiamond on Jan 29, 2009, 05:29:22 PM
I just got my wifes 1098-E for student loan interest and tried to input it into Turbo Tax.  Our AGI exceeds the limit to claim a deduction, but I noted the following eligibility requirement:

"Your filing status cannot be married filing separetly."

I also noted that you can claim a deduction for student loan interest on loans that your parents helped you pay.  I'm sure that both parties cannot claim the deduction so I'd research it more before I put it on my tax return.
good thing im not married then :)
plus all my loans are defered.
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Geno

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Re: 2008 Tax Return
« Reply #33 on: Jan 30, 2009, 05:58:28 PM »
What's a tax refund?  Haven't seen one of those in years :(
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blackdiamond [OP]

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Re: 2008 Tax Return
« Reply #34 on: Jan 30, 2009, 08:42:22 PM »
Quote from: brockbuilt85 on Jan 30, 2009, 05:53:19 PM
good thing im not married then :)
plus all my loans are defered.

If a married couple files jointly then they can deduct student loan interest as long as they don't exceed the AGI.
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1989 4Runner: Dual Ultimate (Inchworm front & Marlin 4.70 rear), Marlin Twin Stick, 1200-lb clutch, 4.88 R&P, Aussie Front, Detroit rear, 30-spline Longs, Long hub gears, ARP hub and knuckle studs & 35x12.50 Cooper STT PRO tires.  Marlin rear bumper & sliders.  FROR front bumper.  SAS with Alcan springs & Rancho 9000XL shocks.  Budbuilt Bolt-on traction bar.  Custom Interior Cage by Those Guys Rod and Customs.

Moab Tested & Rubicon Approved

Cheesemaker

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Re: 2008 Tax Return
« Reply #35 on: Jan 30, 2009, 09:36:50 PM »
Quote from: cheesemaker on Jan 18, 2009, 09:49:22 PM
As soon as I get my W2's, we will know, but my wife already has given me the GREENLIGHT for a new lens for my camera.  So, my mom gave me her lens, so I don't have to buy one, even though its smaller  :willynilly:    And a big chunk is going to Disneyland in March, but also, I might be slipping a few $$'s to Marlin when I'm in Fresno at the same time.  :thumbs:  Besides those items, I'm eyeballing a new tool box,  :shhh: and the rest is going into our money market for whatever comes up, like deck repair!  We are getting $5560 back federally, but state we might see less than $10, We had to stretch out the deductions to get $90!that's if the state doesn't make us pay like I feel they are gonna do!

So, I have to revise my list.  So, I'm thinking air compressor now!
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