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esskay
Rookie
offline
Registered: Jan 2003
Local time: 09:47 AM
Location:
Posts: 4293
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You can't deduct mileage or anything related to job-hunting. Deductions come in the form of student expense aid, donations to non-profit organizations, expenses incurred for purposes of business. Looking for a job is not a line of business. If you have an actual legal business for which you perform services and/or resell goods, then expenses related to those operations may be deducted.
As for the person with the $26K truck and the $15K outstanding taxes, the answer is a resounding NO. Even if your truck was a work related tax write-off, the change is in TAX is not the retail price of the vehicle. So if the truck is $26K and you paid 10% tax on it ($2.6K), then $2.6K is the amount that comes out of your taxes, lessening what you owe to $12.4K. Writeoffs are in terms of TAX value, not sticker price.
And to the gal asking about the 3 kids there, you only made $2.5K the whole year, you can't have paid more than $250 in taxes - your refund will not exceed the amount that you PAID in taxes. The whole point of tax returns is to give you back any amount of dollars that you PAID, but do not actually owe. So if you paid $250 in taxes, the most you can hope to get back is ALL of it: $250. Don't hold your breath thinking you're in for some "big return" - the only people who get "big returns" are the ones who paid "big taxes" all year long.
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01-29-2004 10:54 PM
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what is the meaning of life? should i find another job? will we ever? is your back still hurting? 
