Expenses-Get Free Tips On Business Expenses, Living Expenses, FSA Eligible Expenses

jim g asked:


The debt is not huge but the monthly payments are more than I can afford. If I pay less, I might as well throw my money away as it does not reduce the debt but just keeps down a small amount of interest (not much). I still get fees, etc. I might as well pay nothing and use the money for necessary expenses. I am thinking to let them sue me as I feel I have a better chance in court than the company given my unavoidable medical expenses.

Gus Real

F asked:


I don’t want my partnership to effect my personal return. I didn’t have any income and probably no expenses. If I do my personal taxes today and my business partner later files for the partnership will it effect my personal? Will I have to ammend it?

Bryon Vanderstappen

jxt299 asked:


The proportion is about 85% of our parents living expenses that we paid last year. Is it possible to consider them dependents for tax purposes?

Wendy Burgy

Pauliner asked:


I am mainly inquiring about home building expenses, but I heard that you can also deduct groceries and clothing and all kinds of other personal expenses if you are not taking the standard deduction.

Delmy Kohara

tmae asked:


Can I deduct school supplies and uniforms I had to buy for my two sons on my taxes? They are in pre-k and 4th grade.
Plus, can I deduct college expenses for myself?

Enoch Whitton

jenny c asked:


I am planning on being a stay at home mom to be with our first child. I am trying to make a list of monthly expenses I should expect to spend on our baby.

My list so far:

Clothes: $0 (Have plenty from baby shower and used clothes from friends for first year)
Medical insurance premium for baby: $70
1 monthly doctor visit co-pay and prescription co-pay: $35 (all vaccinations included)
Random OTC medicines: $10
Food/Formula: $0 (Breastfeeding)
Wipes: $5 (Only buying wipes for diaper bag, wash clothes used at home for wipes)
Diapers: $7 (Cloth diapering, $7 for dryer only, water free with HOA fees)
Shampoo/Lotion: $10
Laundry Detergent: $10
Daycare: $0 (Stay at home mom)
Increase in utilities (Only heating for baths): $10
Toys/Pacifiers: $25

Total expenses so far: $182

What else am I missing? What are your baby expenses?
I already have all the baby gear, bedding, etc. from my baby shower and our baby’s grandparents. So I don’t need to buy any of that!

Pennie Burrow

meg (on Violet Hill) asked:


Right now I’m a freelance writer so I’m not making a lot of money at all, now even a regular income. I don’t know how to go about having the financial expenses together to move out on my own. How did you do it? What kind of job did you get?

Modesto Shortle

O4D asked:


My friends were surprised to learn that I require my children to contribute to household expenses even though they are only five and seven. They receive five and seven dollars for allowance. The younger pays a quarter for lights, gas, cable and food. One dollar total. The older pays fifty cents for each. Two dollars total. They have to save half of what they have left. The other half is theirs to do what they please. Do you think this is harsh?

Lottie Joeckel

KatieMat asked:


I will be traveling to Moorhead/Fargo to help fill sandbags. I heard that I can deduct travel expenses if I’m going there for the sole reason of volunteering. But what organization do I list on my taxes? Is a city considered a non-profit organization?

Patrick Byker

Diana M asked:


I have a registered Therapy Dog. What, if any of his expenses are tax deductible?

Deirdre