Anonymous
Post 01/23/2014 09:55     Subject: Taxes
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:LOL


I wish Mortgage Insurance wasn't an itemized deduction!


Why? I don't get it...


+1...don't get it


PP probably means she wishes it was an above-the-line deduction.

With interest rates so low, it takes a really high mortgage anymore to be able to itemize. Although that's less of an issue in these parts, where we also have state and local income taxes that are deductible.

But in places like Florida, you can borrow $200,000 at today's rates and not qualify for the mortgage interest deduction.
Anonymous
Post 01/23/2014 09:51     Subject: Taxes
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:LOL


I wish Mortgage Insurance wasn't an itemized deduction!


Why? I don't get it...


+1...don't get it


You don't get it because you mortgage interest it probably higher than your standard deduction...Mine is not...so i wish I could get my standard deduction and still be able to deduct mortgage interest.
Anonymous
Post 01/22/2014 21:08     Subject: Taxes
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Try the home office deduction.


Hahahahahahaha. I was going to post the same thing, but I decided it was too mean. The home office deduction is one of the most likely ways to get audited.


That's bullshit. if you are a TRUE 1099 that means you probably don't GO to and OFFICE to do your work or that you do a good deal of your contracting work from your home. Tell me how that would be a red flag? it would actually seem strange to me to be a 1099 and ignore the home office deduction.

Yes, if you are a straight up W2 - I would never ever claim a home office deduct even if I did do a lot of work from home....that would be a red flag.


Did OP ever say he/she was a "TRUE 1099?" I must have missed that.
Anonymous
Post 01/22/2014 21:03     Subject: Taxes
Anonymous wrote:
Anonymous wrote:LOL


I wish Mortgage Insurance wasn't an itemized deduction!


Why? I don't get it...


+1...don't get it
Anonymous
Post 01/22/2014 21:02     Subject: Taxes
Anonymous wrote:
Anonymous wrote:Try the home office deduction.


Hahahahahahaha. I was going to post the same thing, but I decided it was too mean. The home office deduction is one of the most likely ways to get audited.


That's bullshit. if you are a TRUE 1099 that means you probably don't GO to and OFFICE to do your work or that you do a good deal of your contracting work from your home. Tell me how that would be a red flag? it would actually seem strange to me to be a 1099 and ignore the home office deduction.

Yes, if you are a straight up W2 - I would never ever claim a home office deduct even if I did do a lot of work from home....that would be a red flag.
Anonymous
Post 01/22/2014 19:27     Subject: Taxes
Anonymous wrote:LOL


I wish Mortgage Insurance wasn't an itemized deduction!


Why? I don't get it...
Anonymous
Post 01/22/2014 19:17     Subject: Taxes
Anonymous wrote:Try the home office deduction.


Hahahahahahaha. I was going to post the same thing, but I decided it was too mean. The home office deduction is one of the most likely ways to get audited.
Anonymous
Post 01/22/2014 19:12     Subject: Taxes
Legal/legitimate ones.
Anonymous
Post 01/22/2014 18:08     Subject: Taxes
I could never do the home office deduction. Never worked out.
Anonymous
Post 01/22/2014 18:02     Subject: Taxes
Try the home office deduction.
Anonymous
Post 01/22/2014 17:35     Subject: Taxes
The ones that you have documentation for?
Anonymous
Post 01/22/2014 17:15     Subject: Taxes
I am sorry I mean to say interest!
Anonymous
Post 01/22/2014 17:14     Subject: Taxes
LOL


I wish Mortgage Insurance wasn't an itemized deduction!
Anonymous
Post 01/22/2014 17:13     Subject: Re:Taxes
LOL
Anonymous
Post 01/22/2014 16:56     Subject: Taxes
Deductions that are the least suspicious for an audit alert?