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Your Income Tax 2010 Supplement
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  1. I'll turn 62 years old in February 2010. I want to start receiving Social Security, but I have a part-time job. Will this impact my benefits?Free
  2. I bought a home in October; I never owned one before. My mom cosigned the mortgage (she owns her own home) and is on the title to my home. Can I qualify for the first-time homebuyer credit?Free
  3. I'm 57 years old and recently lost my job. My 401(k) is worth $59,000, and I owe roughly $46,000 on my home mortgage. Can I cash out the plan to pay off the mortgage without a tax penalty?Free
  4. I send my two children to a religious day school. Can I claim a charitable contribution deduction the portion of the tuition related to their religious education?Free
  5. Is Supplemental Security Income (SSI) received by a disabled person taxable?Free
  6. My daughter goes to a university and, as part of her course work, has to do clinical work at a local hospital. If we buy her a car, can we treat it as a qualified educational expense for purposes of the American Opportunity credit?Free
  7. I volunteer to help seniors with their chores. I sometimes take them out to eat and always use my own car. Can I deduct anything?Free
  8. In 2007, I moved from New Hampshire to Delaware because of a new job but forgot to deduct moving costs on my 2007 return. Is it too late to claim these moving expenses now?Free
  9. My wife and I tried to adopt a foreign child. The adoption fell through. Do we qualify for the adoption credit?Free
  10. I own rental property. I do all the repairs myself. Can I deduct my work? (If I didn't do it, I'd have to hire someone who would.)Free
  11. I bought a principal residence in 2001 and relocated in December 2005 because of a job change. Instead of selling, I rented it out. I continue to own this residence. If I buy a new home, can I qualify as a first-time homebuyer?Free
  12. I'm 72 years old. Is the tax break for transferring IRAs to charity available this year?Free
  13. I donated used clothing and household items to the Salvation Army. What documentation do I need to claim a charitable contribution deduction?Free
  14. Am I taxed on a payment from my elderly mother to handle her financial affairs?Free
  15. How do I deduct the interest (investment interest, passive activity interest, business interest) on a loan I took from my S corporation?Free
  16. When my father died in February 2009, I inherited his home and assumed the mortgage. I have never owned a home before. Can I take the first-time homebuyer credit?Free
  17. I own a beachfront condo that I rent out throughout the year (I never use it myself). Can I claim first-year expensing (Section 179 deduction) and/or bonus depreciation for new appliances I’ve bought the unit in 2009?Free
  18. I’m on a filing extension for my 2008 return. I’ve purchased J.K. Lasser’s Your Income Tax and tax preparation software. Can I deduct these costs?Free
  19. I have investment losses in my traditional IRA. Can I take a deduction for the losses on the investments I’ve sold in the IRA?Free
  20. I'm purchasing a two-family home in September. I have never owned a home before. Can I qualify for the first-time homebuyer credit?Free
  21. I received a legal settlement from a neighbor who cut down my trees. Is this money taxable to me?Free
  22. I'm renting a home now but will be purchasing land on which to build a home. Can I deduct the interest on the land mortgage?Free
  23. I have a camper that we use as a vacation home. Can I claim any tax deductions for it?Free
  24. I was laid off from my company last year. I was under 55 years old on my last day of work, but was 56 when I took a total distribution from the company's qualified retirement plan. Am I subject to the 10% early distribution penalty?Free
  25. I cashed in some savings bonds and received $500 interest. Do I have to report it?Free
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