What Kind of Stuff Can You Claim on Your Taxes?

Answer By claiming deductions when filing your taxes, you can cut your tax bill. Many Americans choose the standard deduction, which everyone can claim without having to document it. Other filers give tha... Read More »

Top Q&A For: What Kind of Stuff Can You Claim on Your Taxes

What does it mean to claim yourself on your taxes?

When you claim yourself on taxes you are claiming a personal exemption;this exemption reduces your taxable income by $3,650 (as of 2010). You cannot claim this exemption if someone else meets the t... Read More »

Should I Claim 0 or 1 on My Taxes?

Whenever you start a new job, you will need to fill out IRS Form W-4 to indicate how much in federal taxes you want your employer to withhold from your paycheck. Many people elect to choose either ... Read More »

How many people can you claim on your taxes?

The number of dependents you are allowed to claim on your taxes is unlimited. As of 2011, dependents qualify if they are a qualifying child or relative who resides with you, their gross income is l... Read More »

How to Claim Options on Taxes?

Options give their holders the ability to buy a specific amount of stock for a set price at a given time. For example, a person may have an option to buy one hundred shares of Microsoft stock for ... Read More »