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Taxes because I am in school we can claim anything like computers?

Its just me and my husband…we never get very much money back each year. I am curious to find out if what I have herd is true. A lady I was talking to told me that we can claim our food, clothes and gas if we save the receipts and that we will get money back at the end of the year. And because I am in school we can claim anything like computers, office supplies and some household appliances. Anyone know anything about this?

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Answer #1

Standard deduction, if you do not itemize, for a married couple was $13,000 in 2008 tax year. You would not be able to come close to that on schedule ‘A’ (itemizing). Not even all of your medical expenses or your charity donations are fully deductable. the lady who told you that she can deduct all of that is what we call tax cheats.

Answer #2

If you itemize your deductions, you can keep your receipts and add up all the sales tax you paid and deduct it. But there’s already a standard estimated sales tax you can use instead, and for most people it isn’t going to be worth the trouble to do that.

Educational expenses can also be deducted with restrictions. I’d be careful about claiming your dishwasher as an educational expense though.

Answer #3

The only time you can claim things like that on taxes is when it’s work -related…school, unfortunately, is not considered work.

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