Archive for October, 2008

 

How do I file for taxes on a military disability separation pay?

Thursday, October 23rd, 2008
taxes
boredatwork asked:


My husband recently got out of the Army on a medical board. With that, he recieved a severance pay that is not taxable; however it is taxed at first for some reason (it is like this for all military separation pays). He receieved the pay last year, but his VA rating didn’t come back to us until after Jan. 1. Does anyone know how to file to receive these taxes back? I know, from other people who have had the same thing done, that we are going to receive the entire taxed amount back, but we just don’t know how to go about filing it and none of the professional tax places we have called have ever dealt with this. Anyone have any advice or has anyone gone through this before? Thank you!!!

 

Is the sales tax I paid on a vehicle purchase in Texas deductable from my federal income taxes?

Wednesday, October 15th, 2008
taxes
Michael B asked:


I recently became a Texas resident and paid sales tax to Texas on a car I purchased. Is that state sales tax deductable from my federal income taxes (Texas has no state income tax)?