| Scarecrow |
01-29-2005 08:43 AM |
1.
Quote:
Originally Posted by Loren
I was trying to figure out whether or not to claim insurance premiums...i dont think you're supposed to if they're taken out of the check but the only line i read says you CAN as long as it's included i box 1 of your W-2...box 1 are the total wages soo does that count or not?
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I'm assuming you are talking about health insurance premiums. If so, you can add them in as part if your health expenses IF they were paid by you (taken out of your check). The line you read is IRS speak meaning if your employer paid for your health insurance it wouldn't be included in box 1, and therefore you'd be unable to claim it.
2.
Quote:
Originally Posted by Loren
andddd could i possibly get away with claiming what the husband uses on the road with just whats noted on our bank statements, it clearly shows the places he stops to buy food, or do i need the actual receipts..there would be sooo many it wouldnt be a huge amount so im thinking it wouldnt be noticeable enough to get a possible audit but im not sure, reeeeally wanted to see what amount came up in order to itemize or not this year?
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I believe that the IRS will now accepts duplicate check carbons, credit card statements, and bank statements as proof of purchase. I could be wrong on this, so I'll let someone else field this one...
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