TaxMama » Child Credit http://taxmama.com Free Tax Advice where Taxes are Fun Wed, 08 Feb 2012 19:39:02 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Free Tax Advice where Taxes are Fun TaxMama no Free Tax Advice where Taxes are Fun TaxMama » Child Credit http://taxmama.com/wp-content/plugins/powerpress/rss_default.jpg http://taxmama.com/category/child-credit/ IRS Reminds Parents of Ten Tax Benefits http://taxmama.com/asktaxmama/irs-reminds-parents-of-ten-tax-benefits/ http://taxmama.com/asktaxmama/irs-reminds-parents-of-ten-tax-benefits/#comments Fri, 27 Jan 2012 18:14:11 +0000 TaxMama http://taxmama.com/?p=10558

Your kids can be helpful at tax time. That doesn’t mean they’ll sort your tax receipts or refill your coffee, but those charming children may help you qualify for some valuable tax benefits. Here are 10 things the IRS wants parents to consider when filing their taxes this year.

]]> http://taxmama.com/asktaxmama/irs-reminds-parents-of-ten-tax-benefits/feed/ 0 Rules of Divorce http://taxmama.com/tax-quips/rules-of-divorce/ http://taxmama.com/tax-quips/rules-of-divorce/#comments Thu, 07 Oct 2010 13:30:37 +0000 TaxMama http://taxmama.com/?p=8129

Today TaxMama  is watching a discussion in the TaxQuips Forum. It’s about what happens after a divorce and the family is fighting over who gets to claim the child as a dependent. ]]> http://taxmama.com/tax-quips/rules-of-divorce/feed/ 0 Alimony,attorney,Child support,Conflict of laws,Divorce,Family,Family law,Get,head of household filing,Human Interest,Law,Marriage Today TaxMama  is watching a discussion in the TaxQuips Forum. It’s about what happens after a divorce and the family is fighting over who gets to claim the child as a dependent. (http://farm3.static.flickr.com/2011/2491603112_3b5e7f82a6_t.jpg)Today TaxMama  is watching a discussion in the TaxQuips Forum. It’s about what happens after a divorce and the family is fighting over who gets to claim the child as a dependent. (http://taxmama.com/forum/taxquips/ex-mother-in-law-claiming-my-daughter-and-my-daughters-mother/) TaxMama no 2:52 Ask TaxMama Issue 540 – A Long Weekend http://taxmama.com/asktaxmama/ask-taxmama-issue-540-a-long-weekend/ http://taxmama.com/asktaxmama/ask-taxmama-issue-540-a-long-weekend/#comments Fri, 12 Feb 2010 16:19:47 +0000 TaxMama http://taxmama.com/?p=6680

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.

]]> http://taxmama.com/asktaxmama/ask-taxmama-issue-540-a-long-weekend/feed/ 1 Adopting Two Girls http://taxmama.com/tax-quips/adopting-two-girls/ http://taxmama.com/tax-quips/adopting-two-girls/#comments Mon, 08 Feb 2010 14:30:29 +0000 TaxMama http://taxmama.com/?p=6628

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.” ]]> http://taxmama.com/tax-quips/adopting-two-girls/feed/ 1 adopt child,Adoption,Charlotte,Child Tax Credit,Children,Government,Income tax in Australia,Income tax in the United States,Internal Revenue Service,IRS tax forms,Political economy,Public economics 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.” (http://farm3.static.flickr.com/2436/3961474209_a58b1f1d17_t.jpg) 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.” TaxMama no Mexican American Child http://taxmama.com/tax-quips/mexican-american-child/ http://taxmama.com/tax-quips/mexican-american-child/#comments Tue, 19 Jan 2010 15:48:36 +0000 TaxMama http://d433169.taxmama24.urlytax.com/?p=6345

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?” ]]> http://taxmama.com/tax-quips/mexican-american-child/feed/ 0 American. Mexican,Canada,Child Credit,Child Tax Credit,Dependant,Government,Internal Revenue Service,La Mesa,Mexico,Political economy,Public economics,Residency 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?” 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?” TaxMama no 2:04 2010 Child Tax Credits http://taxmama.com/tax-quips/2010-child-tax-credits/ http://taxmama.com/tax-quips/2010-child-tax-credits/#comments Mon, 11 Jan 2010 18:41:12 +0000 TaxMama http://d433169.taxmama24.urlytax.com/?p=6112

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 [...]]]> http://taxmama.com/tax-quips/2010-child-tax-credits/feed/ 0 Child Tax Credit,Federal telephone excise tax,IRS tax forms,Pennsylvania,Social Issues,Taxation in the United States,USD,W-4 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 ge... 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 change my W-4 if the Child Tax Credit has expired.” TaxMama no 1:05 Son’s Girlfriend’s Baby http://taxmama.com/tax-quips/sons-girlfriends-baby/ http://taxmama.com/tax-quips/sons-girlfriends-baby/#comments Thu, 12 Nov 2009 14:18:00 +0000 TaxMama http://www.taxquips.com/index.php?id=1403

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 [...]]]> http://taxmama.com/tax-quips/sons-girlfriends-baby/feed/ 0 Child,Child Tax Credit,Girlfriend,head,Head of Household,Internal Revenue Service,North Carolina,Parenting,Son,Tax credit,Taxation in the United States,USD 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? 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 the baby?” TaxMama no 1:44 Child Care Benefits http://taxmama.com/tax-quips/child-care-benefits/ http://taxmama.com/tax-quips/child-care-benefits/#comments Mon, 09 Nov 2009 14:15:00 +0000 TaxMama http://www.taxquips.com/index.php?id=1400

Today TaxMama hears from Melissa in Texas with this question. “ I would like to sign up for my employer’s cafeteria plan for the preschool child care expenses. It will allow me to pay for about $5,000 of the child care tax free. But my son’s daycare is over $11,000 a year. Can I claim [...]]]> http://taxmama.com/tax-quips/child-care-benefits/feed/ 0 Child and Dependent Care Credit,Child care,Child Credit,Flexible spending account,Internal Revenue Service,Itemized deduction,Social Issues,Taxation in the United States,Texas,USD Today TaxMama hears from Melissa in Texas with this question. “ I would like to sign up for my employer’s cafeteria plan for the preschool child care expenses. It will allow me to pay for about $5,000 of the child care tax free. Today TaxMama hears from Melissa in Texas with this question. “ I would like to sign up for my employer’s cafeteria plan for the preschool child care expenses. It will allow me to pay for about $5,000 of the child care tax free. But my son’s daycare is over $11,000 a year. Can I claim the child care credit for the remaining $6,000+ on my itemized 1040? If I can only do one or the other, with which one I would come out ahead?” TaxMama no 1:56 Child Care Decision http://taxmama.com/tax-quips/child-care-decision/ http://taxmama.com/tax-quips/child-care-decision/#comments Wed, 07 Oct 2009 13:36:00 +0000 TaxMama http://www.taxquips.com/index.php?id=1362

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 [...]]]> http://taxmama.com/tax-quips/child-care-decision/feed/ 0 Child care,Child Tax Credit,Earned income tax credit,Internal Revenue Service,Missouri,SGD,Taxation in the United States,USD 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... 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 will let us declare it. Is it that big of a credit to worry about?” TaxMama no 2:08 Five Tax Facts about Summertime Child Care Expenses http://taxmama.com/asktaxmama/five-tax-facts-about-summertime-child-care-expenses/ http://taxmama.com/asktaxmama/five-tax-facts-about-summertime-child-care-expenses/#comments Fri, 17 Jul 2009 19:49:28 +0000 TaxMama http://d433169.taxmama24.urlytax.com/?p=5525

Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation. Here are five facts the IRS wants you to know about a tax credit available for child care expenses. The Child and Dependent Care Credit is available for expenses incurred [...]]]> http://taxmama.com/asktaxmama/five-tax-facts-about-summertime-child-care-expenses/feed/ 0 800-829-3676,800-TAX FORM,Child and Dependent Care Credit,Child care,Day care,Flexible spending account,Internal Revenue Code,Internal Revenue Service,Lifetime Learning Credit,Scholarships,Social Issues,Tax credits Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation. - Here are five facts the IRS wants you to know about a tax credit available for child care expenses. Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation. Here are five facts the IRS wants you to know about a tax credit available for child care expenses. The Child and Dependent Care Credit is available for expenses incurred during the lazy hazy days of summer and throughout the rest of the year. 1) The cost of day camp can count as an expense towards the child and dependent care credit. 2) Expenses for overnight camps do not qualify. 3) If your childcare provider is a sitter at your home or a daycare facility outside the home, you’ll get some tax benefit if you qualify for the credit. 4) The actual credit can be up to 35 percent of your qualifying expenses, depending upon your income. 5) You may use up to $3,000 of the unreimbursed expenses paid in a year for one qualifying individual or $6,000 for two or more qualifying individuals to figure the credit. For more information, including rules for claiming this credit for your spouse or a dependent age 13 or over who is not able to care for himself or herself, check out IRS Publication 503, Child and Dependent Care Expenses. This publication is available on the IRS Web site, IRS.gov or by calling 800-TAX-FORM (800-829-3676). * Ask TaxMama (http://www.taxmama.com/AskTaxMama) :: Where taxes are fun and answers are free * www.TaxQuips.com (http://www.taxquips.com/) :: The number ONE free tax podcast online * IRS Publication 503 (http://www.irs.gov/pub/irs-pdf/p503.pdf) :: Child and Dependent Care Expenses TaxMama no