$52/ day deduction
#11
Board Regular
Thread Starter
Join Date: Apr 2005
Location: baltimore, md
Posts: 210
I just used turbo tax and it says $3300 for personal items and $5150 for itemized. I itemized $10,000 for food, computer, and internet payments. Plus I still received my $3300 for personal.
#12
Board Regular
Join Date: Jul 2006
Location: Las Vegas
Posts: 251
Originally Posted by Uturn2001
The standard deduction for US residents who are not itemizing for this year is $8450 for single and $16900 for married filing jointly.
I just looked it up on the IRS web site.
#13
Senior Board Member
Join Date: Jan 2005
Location: East Central IL between the corn and the beans
Posts: 4,977
I got it off of 1040 ez.
The deduction works a little different on form 1040, but by the time you complete it you should come out the same.
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#14
Guest
Posts: n/a
I wouldn't worry at all about being audited by the IRS. They would have to audit thousands of truck drivers to make up for what they could get on one middle class person making over $200,000. The amount an IRS auditor would reclaim for the government wouldn't even cover lunch for that day.
I was audited years ago during the height of the .COM frenzy for claiming my airplane as a deduction which I used to fly back and forth to Canada. It was found that my deduction was real and there was a mistake in my favor. I received a check in the mail for $60.00 which was the first refund I ever got in over 20 years. I framed it and hung it on the wall. Over 3 months later I got a call from the IRS asking it I had received the check because it was still outstanding. I laughed and said I framed it. They didn't laugh and said to send the expired check back within 7 days and they would issue another check and I had 30 days to cash it and if I didn't I would be fined for every day after that!!!
#15
Board Regular
Thread Starter
Join Date: Apr 2005
Location: baltimore, md
Posts: 210
Originally Posted by SteveBooth
They would have to audit thousands of truck drivers to make up for what they could get on one middle class person making over $200,000.
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