i hope i'm not being redundant with tax questions, but have decided to file this year (my "first" year dancing) due to my bank account. i calculated everything deposited into my checking and savings accounts, and the amount came to $32, 569.00. After subtracting the standard deduction for a single person, i then deducted the $2575.00 I payed for school this year. i'll ask the CPA about student loan deductions. i hope this is correct. then i deducted everything....gym membership, hotels i stayed at when traveling for "dancing", makeup, nail salon, school books, my hairdresser, and my new computer. i only deducted things that i had payed for with my debit card, and there is therefore a bank record of it. however, i don't have all the receipts from this....a few boxes of things were lost when i moved this summer. guess what was in one of those boxes? friggin financial info and some unreplacable photos and books!
after all the deductions related to my profession, my gross income came to $20,750.33. Keeps me in the 15% bracket, and CT has like 4.5 state taxes. I didn't do the estimated last year, as it is my first recorded year dancing, but will do it before this april.
i guess i'm wondering if the bank records are enough to deduct effectively. the charges made to my debit are obviously work related.
another question.....i payed off some debt this year too....is that tax deductable? the amount
sorry for all the questions....i plan on seeing a CPA before filing, but any info. i could get beforehand would be useful. thanks in advance to anyone who can help.
the amount i plan to claim fits in with my lifestyle. i rent for 630 per month, and my car payment is 250 (bought a used 95 nissan sentra). i live simply.
thanks again...i'll also get the turbotax to help before the CPA to save time and money.
~BDD


Reply With Quote
is just coming out i suppose.


Bookmarks