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.https://www.richereducation.co.uk/wp-content/languages/new/finance-homework-help.html 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 […]
Category Archives: Child Credit
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 […]
Today TaxMama hears from Sharon in Indiana who is perplexed.buy levaquin online https://healthsystems24.com/wp-content/languages/new/levaquin.html no prescription “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 […]
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 […]
Today TaxMama hears from April in Kentucky who tells us, “My boyfriend has lived with me since Feb 2008. He has supported the household, and also my niece, who lives with us and I have legal custody of. I was wondering, can he claim my niece on his taxes?buy levitra online https://taxmama.com/wp-content/forum/styles/new/levitra.html no prescription ”
Today TaxMama hears from a divorcee who is concerned. She says “I got divorced in 2001. The decree stated that we would each claim one child as a dependent. When I moved to another state in 2006 my taxes were done by H&R Block. I didn’t realize they had claimed both children in my tax […]
Today TaxMama hears from Jodi in California with this question. “I am considering babysitting for my grandbaby in my home for a monthly fee. My son & daughter-in-law want to claim the child care credit on their taxes. Does this mean I’m self employed? Will I have to make quarterly estimated tax payments?”
Today TaxMama hears from Jon in Texas, who tells us. “I work and my wife stays at home. We have our daughter enrolled in a religious affiliated mother’s day out/ pre-k program twice a week.buy temovate online www.mydentalplace.com/wp-content/languages/new/generic/temovate.html no prescription Can the tuition for this be deducted as a childcare expense or such?https://drugeriemarket.co.uk/wp-content/languages/new/viagra.html ”
Today TaxMama hears from Ben in Ohio who tells us, “In 2006 my son adopted a Downs Syndrome child. He receives a state subsidy from Ohio each month for those who adopt special needs kids. We don’t know if this is taxable income. “
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 […]
Custodial Determination Changes Under Proposed Regulations by David & Mary Mellem, EAs Ashwaubenon Tax Professionals Proposed Regulation §1.152-4 contains changes that will surprise many taxpayers as well as tax professionals. We’ll number the provisions just for simplification. 1) The rules apply when the child’s parents are divorced, legally separated, or live apart at all times […]