The Federal Tax Credits Blog

Archive for the ‘Claiming Tax Credit’ Category

Question: Can I claim the tax credits for energy effecient items like windows, appliances, etc when I buy a new house?

I know there’s tax breaks for installing them into your current home. If I’m spending $300K on a new home that has energy star items, am I not technically buying them also? Everybody else gets the break!

Answer: USA answer:

No, the credit is for *replacing* existing windows, etc.

This is just part of your cost basis.

Does the IRS owe you money? It might

The North Platte Telegraph Every year the Internal Revenue Service releases a list of people who have refund checks waiting for them to claim. The unclaimed refunds are checks returned to the IRS as undeliverable.

Cal Poly Business Students Help Low-Income Families File Taxes and Claim Tax Credits

Question: Tax credits for full time students?

I am 25 and in college full time (online courses so that I can still work PT). I didn’t make much for 09… I think it was maybe around $5,000. I know I am able to claim my son on my taxes, but are there any additional tax credits that I can get for being a full time student? Just curious…

Answer: If your school is an eligible institution (and mails you a 1098 showing the tuition you paid) and you paid for the tuition from your own money, you can look at the new American Opportunity Credit. It’s partially refundable–though full details are not available yet.

MORTON KONDRACKE: Be like Reagan with tax reform

If President Barack Obama is looking for ways to create jobs and work with Republicans, there’s a project readily at hand for him: tax reform.

Recovery Act Tax Savings Tool

Question: Child and working tax credits ?

Hi me and my husband are due to have our baby in September and we were told by family that once the baby is born we can claim for tax credits, we live with my parents at the moment, will this effect our claim or not as my hubby still pays tax, I did a thing saying do I qualify and filled out the form online and it did say my husband will qualify for child tax and working tax credits.

So will be still get it even thought we live with someone else ?
Hi It doesnt ask on the form for your address or if you live with someone, the only time it says anything about living with a person is if that a person in your house hold is disabled, which there isnt in our house hold.

Im not sure if it matters where you live as my brother who lived at home was told he could claim tax credit by the job centre if he worked more that 30 hours and they new he lived at home.

Answer: You are correct where you live does not generally matter. Obviously if you live with a partner this is relevant but not other people.

They ask the question about disability as this can lead to more tax credits.

Gamu proves that we are a nation of softies

Never mind the big society. What about the just society? The most important issue dividing Britain this week was not about child benefits but adult benefits and whether Cheryl Cole was right to axe Gamu Nhengu from The X Factor. It now transpires Cheryl was ordered to evict the singer because she was facing deportation to Zimbabwe after Home Office officials alleged that her mother was wrongly …

Green Jobs Energy and Renewable Tax Credits and Rebates

Question: Can I Claim Working Tax Credits while still living at home?

Thanks to the credit crunch! I’m now due to change jobs, unfortunately I will no longer be full time and will be working 30 hours a week plus my wage will also reduce to about 12900 p.a. pr, although I’m still living with my parents who are both retired & claiming there pension, I still have to pay my own way so will i be entitled to claim Working Tax Credits & if so how much?

Answer: look on the website entitledto.co.uk there is a calculator there that will tell u if u can and if ur able to claim anything else even housing benefit and council tax benefit. its not possible to say how much as it depends on yr age and how many hours u work and how much u earn. there is also a calculator on the inland revene tax credit website that will tell u. ps if ur single and under 25 i dont think u can claim in case this answers yr question immediately. good luck.

Home buyer tax credit causing headaches and trouble

The federal home buyer tax credit did its job to boost the real estate market, but many involved – from buyers to the IRS – have run into problems with confusing wording and stipulations.

Glenn Beck…David Buckner and Tax Credits

Question: Tax Credits renewal pack, has anyone had there new claim back?

I received my tax credits renewal pack about three weeks ago & filled the form in & sent it back the next day, but i still haven’t heard anything back or received the new annual claim etc. Has anyone had there’s back? My income is lower by about £1500 than the previous tax year so how will that work with the paymentss this year?

Answer: Have you spoken to the tax credits helpline to see if they have received it? They my have a post backlog. A lot of people renew via telephone these days as its much quicker ! If your income is lower then this will probably have an impact but you will only know the exact amount once finalised.

Entries under “State”

Gay marriage will remain banned in Wisconsin following a state Supreme Court decision June 30 upholding a referendum prohibiting the practice.

Updated 2/12/09 – 4:30pm – $8000 Homebuyer Tax Credit not Paid Back!