How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
A new question is answered every 9 seconds
Ask a Tax question
Type Your Tax Question Here...
characters left:
4 Tax Professionals are Online Now

Tax Exemption Rule Questions

What is tax exemption?

A reduction in the taxes that are normally imposed on people is called tax exemption. An individual may have to fulfill certain conditions in order to qualify for tax exemptions. Given below are some important questions regarding tax exemption rules in the United States that have been answered by Experts.

Can a person use their New York School Tax Exemption in a different state?

It is not possible for individuals may not be able to use their New York School Tax Exemption in another state as it applies only to the state of New York.

How can an individual qualify for real estate tax exemptions in the state of Massachusetts?

In the state of Massachusetts, in order to qualify for real estate tax exemptions, an individual may have to be older than 70 years of age, be legally blind, be a widow or widower, a minor child with a deceased parent, a veteran with a disability attained during war or an owner of property who is suffering from severe financial difficulties.

Would mortgage taxes be included in homestead exemptions in the state of Florida?

Mortgage taxes are not paid for the land directly. Hence, they may not be included in homestead exemptions in the state of Florida.

Can an individual include his/her child on their exemptions in order to reduce the amount paid for child support?

Whether a child can be included or not on an individual’s tax exemption may depend on the divorce decree. If the decree states that the mother may add the child, then only the mother may be allowed to include the child. If an individual does not follow the decree and includes the child, it may be considered to be contempt of court.

Up to what amount is a gift exempt from taxes?

A gift may be exempt from taxes up to a value of $13,000 annually.

Up to what value of a trust would be exempt from federal taxes?

If the owner of the trust died before 2009, an estate may be exempt from federal taxes for up to an amount of $3.5 million.

Can a non-registered nonprofit entity apply for tax exemptions?

A nonprofit entity may not be able to apply for tax exemptions if it is not registered under Section 501© (7) or © (10) of the IRS code.

Losing money in the form of taxes can have an impact on your finances. Many times you may not be aware that you can qualify for tax exemptions and may pay a lot of money as tax. That is why it is important to know what the various rules regarding tax exemptions are and how you can apply for it. These rules may sometimes differ from state to state in the US. You may speak to an Expert if you want to know what the tax exemption rules in your state are.
Ask a Tax question
Type Your Tax Question Here...
characters left:
4 Tax Professionals are Online Now

How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
  • Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
  • He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX
 
 
 

Meet The Experts:

 
 
 
  • Ron

    ASE Certified Technician

    Satisfied Customers:

    21205
    23 years with Ford specializing in drivability and electrical and AC. Ford certs and ASE Certs
< Last | Next >
  • http://ww2.justanswer.com/uploads/FO/fordguy4u/2011-12-17_222940_HPIM1257.64x64.JPG Ron's Avatar

    Ron

    ASE Certified Technician

    Satisfied Customers:

    21205
    23 years with Ford specializing in drivability and electrical and AC. Ford certs and ASE Certs
  • http://ww2.justanswer.com/uploads/lyeung1/2010-07-25_032152_tn_IMG_0241.JPG Dr. Y.'s Avatar

    Dr. Y.

    Urologist

    Satisfied Customers:

    18396
    I am fellowship trained specializing in general urology and reconstructive urology.
  • http://ww2.justanswer.com/uploads/docjohn174/2008-12-13_170143_johnask.jpg John's Avatar

    John

    Home Appliance Technician

    Satisfied Customers:

    13453
    Appliance repair business owner for over 43 years.
  • http://ww2.justanswer.com/uploads/MU/multistatelaw/2011-11-27_173951_Tinaglamourshotworkglow102011.64x64.jpg Tina's Avatar

    Tina

    Lawyer

    Satisfied Customers:

    8492
    JD, BBA Over 25 years legal and business experience.
  • http://ww2.justanswer.com/uploads/dermdoc19/2010-09-30_160749_Photo_122807_015.JPG dermdoc19's Avatar

    dermdoc19

    Dermatologist

    Satisfied Customers:

    3855
    30 years practice in general and cosmetic dermatology
  • http://ww2.justanswer.com/uploads/BI/birddoctor/2012-6-22_173214_birddoctor.64x64.png Dr. Pat's Avatar

    Dr. Pat

    Bird Veterinarian

    Satisfied Customers:

    3384
    25+ years working primarily or exclusively with birds
  • http://ww2.justanswer.com/uploads/RY/rydergar/2012-6-6_192240_IMG0328.64x64.JPG Dr. Gary's Avatar

    Dr. Gary

    Cat Veterinarian

    Satisfied Customers:

    3299
    DVM, Emergency Veterinarian, BS (Physiology)