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Is it good to itemise deductions on tax returns and when can an individual itemise the deductions?
Wiki User
∙ 16y ago
ON a federal return the standard deduction for 2005 is $ 5,000.00 and single, $10,000 married filing joint and $7,300.00 for head of household. You would have to have more this for it to help. State vary by states. So, if your intemized deductions are more than the base amount for the year given to anyone, it is better to do so.
Wiki User
∙ 16y ago
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Can you recommend a good computer program for preparation of my 1040 tax returns?
There are computer programs that can help you do itemized deductions on you 1040 tax returns. One such product is Turbo Tax and HR Block. However, it is best to double check your forms with an accountant.
Characteristics of a good business opportunity?
A characteristic of a good business opportunity is that one which has less risks and has good returns.
What types of tax deductions are available to small businesses?
there are three types of deductions that small businesses usually get and that is expenses that are used to decided on how many good are sold, capital expenses, and personal expenses.
nintendo?
Nintendo is a good console
What is a good way to save money if you attend college out of state and are traveling?
contact student airline deductions
How do you do returns on an electronic cash register?
sex is good
How do I claim my back tax returns?
By using the IRS, you can claim tax returns easily. The IRS is a good way to get tax returns. If you have any troubleshooting, they have a help section.
Is the number 13 bad?
No. There is nothing inherently good or bad about individual numbers.No. There is nothing inherently good or bad about individual numbers.No. There is nothing inherently good or bad about individual numbers.No. There is nothing inherently good or bad about individual numbers.
Is a good way to save money if you attend a college out of state and are traveling home?
contact student airline deductions
What are some fringe for members of Congress?
Unbelievably good health care and retirement plans, and special tax deductions,.
What are the four things shown on the production possibility curve?
The production possibility curve is a graph that shows the combinations of two goods that a firm or a nation can create. On the X axis is one good, and on the Y axis is another good. The curve itself shows the combination of goods at maximum efficiency. This curve implies that anything above the curve cannot be produced. If production is inside the curve then the firm or individual is being inefficient and not producing to maximum capacity. If the curve is a straight line this implies that there are no diminishing returns, that no matter how much you produce one good the firm or individual will always produce the same number of goods. The slope of a straight production possibility curve is the opportunity costs of those goods; as an individual or firm decreases the time to produce one good it is able to increase the time to produce the other good. This is compared to a bowed curve which implies diminishing returns. Diminishing returns implies that the returns to labor decrease as a firm or individual produces more of a certain good. This is the concept of the low hanging fruit principle, it takes less time to produce initially because the firm or individual picks the lowest hanging fruit first and then as the number of low hanging fruits dissipates it takes more effort and labor to pick the harder to get fruits. A curve can also imply the diversity of skills in a given population. If we assume that the low hanging fruit principle doesn't exist, we cannot assume that all people in a population will be equally good at a certain task. In order to produce more of a given product a firm will first hire the best individuals for the task and then inevitably will have to hire individuals that are worse at the job, reducing the returns for a given person.
How good is Donkey Kong country returns?
Good and fun if u have kids they wil like it
