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 […]
Tag Archives: Child Tax Credit
Today TaxMama hears from Cho in New York, who says.https://www.calmandgentledentalcare.co.uk/wp-content/languages/new/orlistat.html “My 2008 tax rebate check included $300 per child. Do I still expect $1,000 Child Tax Credit for each eligible child when I file my 2008 federal tax return? Or, just $700 per child?”
Tax Provisions in HR 6893 Signed Into Law Oct 7, 2008 In addition to the Emergency Economic Act of 2008, President Bush has signed a little known Act which contains a clarification of the uniform definition of a qualifying child for purposes of the dependency exemption, EITC, dependent care, and HH filing status. This change […]
Eligible Taxpayers Must File a 2007 Tax Return to Receive Rebate WASHINGTON — The Internal Revenue Service today advised taxpayers that in most cases they will not have to do anything extra this year to get the economic stimulus payments beginning in May. “If you are eligible for a payment, all you have to do […]
Courtesy of IRS TT-2008-11 Are you facing a lot of different tax questions this year? IRS experts have pulled together an overview of common tax issues in one convenient place — Publication 17, Your Federal Income Tax. This updated publication, available on the IRS Web site, IRS.gov, contains a vast array of helpful information for […]
Today TaxMama hears from Don in Idaho, who’s being helpful. Don says, “I have a couple of friends who are trying to get their lives in order. They earned about $16,175.00 last year & have 3 children under age 5. I calculate they can receive $730 in Additional Child Tax Credit. Is there anyway they […]
Today TaxMama hears from Karen in the Tax Parlor, who’s curious. “I’m seeing in my tax prep software, a reference to “inmate income”. Is income earned by inmates taxed or handled differently? Just curious.”
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