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Ask TaxMama Issue 540 – A Long Weekend

by TaxMama on February 12, 2010

Happy President's Day Weekend

Dear Family,

This week went by so quickly, I didn’t even have time to blink. Perhaps not so for some people. Working on an article, I called the IRS DC press office one morning, only to get the answering service message that the office was closed. So contacted a couple of those cool guys by email. And got this message – The Federal Government in DC is closed due to a huge snow storm.

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Adopting Two Girls

February 8, 2010

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Today TaxMama hears from Charlotte in the TaxQuips forum, who tells us. “We adopted my niece’s 2 children this year. But my husband’s Social Security income wasn’t taxed. So how do I get the child income tax credit? or can I? I don’t work.”

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Mexican American Child

January 19, 2010

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Today TaxMama hears from Linda in La Mesa, Calif – near the Mexican border. “If a dependent is a U.S. Citizen and a resident of Mexico, do they qualify for the child tax credit or the additional child tax credit?”

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2010 Child Tax Credits

January 11, 2010

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Today TaxMama hears from Mark in Pennsylvania, with a good question. “Is the Child Tax Credit of $1000 per child still in effect for 2010? I have 5 kids that qualify for the credit and I changed my W-4 to exempt several years ago since I continue to get a large refund. I need to [...]

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Son’s Girlfriend’s Baby

November 12, 2009

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Today TaxMama hears from Anthony in North Carolina with this story. “My son’s pregnant girlfriend moved in, back in May and the baby was just born. My question is, will I be able to claim both of them, girlfriend and baby, on my 2009 taxes? If so will I get the child tax credit for [...]

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Child Care Decision

October 7, 2009

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Today TaxMama hears from Brad in Missouri who needs to decide. “I’ve got a question about childcare while we work. I can either pay a local teen $60/week cash or a mom $75/week. The teen doesn’t file taxes and thus I don’t think I can deduct it without forcing her to file, correct? The $75/week [...]

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Five Important Changes for Taxpayers

February 5, 2009

Here are a few tax law changes you may want to note before filing your 2008 federal tax return:
1. Expiring Tax Breaks Renewed
The following popular tax breaks were renewed for tax-years 2008 and 2009:

Deduction for state and local sales taxes on Form 1040 Schedule A, Line 5

Educator expense deduction on Form 1040, Line 23 or [...]

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Rebate Quandry

January 20, 2009

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Today TaxMama hears from Sharon in Indiana who is perplexed. “A friend and his girlfriend have been living together since 2005. In 2006, they had a child. The mother claimed the child on her 2007 return and received a stimulus payment for $600. He filed as single and received a $300 stimulus payment. [...]

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