There is IRS Pub 721, "Tax Guide to U.S. Civil Service Retirement Benefits", for those in this category.
-Mark Bole
Tax Return a 91 Year Old Woman
Nov 11, 2008
32 Replies
Whoops, I've been in the wrong year here. Sorry.
How do you get 12.5%. I thought Chicago did not have a city tax (used to live there once), and Illinois has 3% flat tax after deductions.
You're talking income tax; Dick was talking sales tax.
I was living in Illinois when the income tax, at a flat 2%, was introduced. Cost poor Dick Ogilve the Governor's mansion, but they did name a Chicago train station for him after the Norhtwestern went belly up.
What? "deduct the property tax in any case.?"
Perhaps you're thinking of the rules for 2008 versus 2007.
ChEAr$, Harlan Lunsford, EA n LA
I meant that deducting sales tax does not prevent her from deducting property tax. I did NOT mean that she can deduct property tax if she does not itemize.
Bob Sandler
Tell me more on that, please.
Applies to 2008 & 209 tax years only.
If you wish to take the standard deduction, you can add up to $500/taxpayer on your individual tax return. Of course you had to pay the real estate tax, and otherwise be eligible to take it on Schedule A, if you were filing a schedule A.
correction: only for 2008, and not for 2009.
chEAr$, Harlan
Really? I thought the emergency bailout bill extended this to 2009?
May be. I hadn't heard that . Yet.
But waiting for the TaxBook (tm) to arrive so I can sit down and get caught up all at once. Surprising how 14 days at sea will take your mind off of taxes and other taxing subjects.
ChEAr$, Harlan
Are you suggesting that I do whatever Susan tells me to do?
Who snitched?
Dick
Harlan, mi amigo, I suspect the cause was bad ice.
Dick
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