The Federal Tax Credits Blog

Posts Tagged ‘benefits’

Question: Working and child tax credits help?

I’ve never even thought to look into it until today as I’ve been told it comes with a lot of paperwork. I used the online caluclator to work out how much we might be able to get and it said £151.50. Is that per year? It seems totally not worth anyones time or effort filling in those forms for £12 per month. I suppose it about pays for the TV licence though!

Answer: the best way is just to ring them, they will be open tomorrow, i get £87 child tax credit a month, my husbands earnings and mine added up to 48 thousand if that helps

German businessman ‘John Rabe’ stands up to Japanese army

A German businessman helps save 250,000 lives during Japan’s 1937 invasion of China in the inspiring drama “John Rabe,” arriving Sept. 7 on DVD.

08/16/10: Governor Quinn Encourages IL Employers to Take Advantage of Small Business Tax Credit

Question: Daycare deduct as business expense?

If one is self-employed and files a schedule C, can she deduct daycare/babysitting expenses to go to work 100% as a business expense? This would be instead of taking the day care tax credit. Also, then would she need to 1099 her daycare provider/babysitter in order to claim the business deduction?

Answer: While you won’t 1099 the provider, you will be giving them a W-10 to get their SSN so you can put it on form 2441. (UNLESS she does the work at your house, in which case YOU owe her a W-2 and need to file a schedule H to pay the payroll taxes.)

The IRS can then cross check to see that she reported the income on her tax return.

Summertime child care expenses may qualify for a tax credit

Did you know that your summer day care expenses may qualify for an income tax credit? 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. Those expenses may help you get a credit on next yearâs tax return.

Child Care Tax Credit

Question: Are Child Benefits and child tax credits the same?

My mum gets paid Child benefit every month but recently I found out she should be receiving child tax credits too, which is given weekly, it is under her name but my dad receives the money instead. What can she do about this?

Answer: Child Benefit is normally paid to the mother & is paid from when a child is born until they are 16 (19 if in full time education), this is paid whether the parents work or not. child tax credit is a Benefit which can be claimed by the working parent.

House rejects extension of unemployment benefits

With Republicans citing concerns about the growing national debt, the House rejected a bill today to extend unemployment benefits for people who have been out of work for long stretches.

PolicyCast: Economic Recovery and Unemployment Benefit Extension

Tax credit for homes may return

WASHINGTON – Homebuyers may get an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring.

Murray Pushes for Extension of Homebuyers Tax Credit, Unemployment Benefits

Question: we get tax credits if I get disability living allowance for myself will we receive more tax credits a week?

does it matter the rate of disability allowance i get?

Answer: depends what tax credit you get, if its just child tax credit then no it wont make a difference that your getting dla at any rate, if your getting working tax credit or you partner is in a joint claim with you then yes you will get more money, i think its about £32.00 a month, thats how much i get and im getting dla at higher rate for mobility

‘Workmanlike’ Budget all about jobs, says Fraser

Treasurer says his third Budget tomorrow will be all about keeping Queenslanders in jobs amid a fragile economic recovery.

Helping Homeowners: Community Housing Resource Center