The Federal Tax Credits Blog

Posts Tagged ‘benefits’

Question: Can I claim child tax credits if I work and my wife is unemployed?

I am working but my wife is unemployed but seeking employment, can we claim child tax credits.

Answer: If you are over 25 and work over 30 hours per week you can claim working tax credits

if you have a child and you are over 16 and working over 16 hours per week you can claim both working and child tax credits

Does not matter that wife works or not

Ethanol tax credits face stiff fight

An E85 fuel pump. (File photo/AP) WASHINGTON — Ethanol’s extended run of taxpayer backing could be in jeopardy. A coalition of opponents to the corn-based fuel is working to block the extension of billions of dollars in biofuels tax credits, set to expire at year’s end.

FIRST-TIME HOMEBUYER FRAUD : Reports: Kids claim $4M in tax credits

Question: will i still get my childcare cost paid for by tax credits if my contracted hours go from….?

16 hours a week to 20 hours a week?????
i only get £10 a week i have a 18 month old baby! why sould me and my partener both work full time i would never get to see her, once she start school then i wil be going back into full time employment like i was before i had her…. so dnt fucking say i should go back to work full time when you dnt even know me! silly cow!

Answer: Is that what they’re calling other people’s money? Tax credits? How about you work 40 hours per week and pay for it yourself?

Child Care Costs Soar for Low-Income Parents

President Obama is proposing a two-part initiative to beef up financial assistance for families who pay for child care. But for Little Knights and Maidens Learning Center in Fernley, the money can’t come soon enough.

Tax Tips & Information : What to Claim on Income Taxes

Childcare is one of the few careers that are always going to need new recruits. The changing world of work means more parents than ever are having to hire someone to look after their children whilst they work the necessary hours to be able to give them the life they deserve. Every year the merits of childcare are being improved, as better ways of educating and socialising children emerge. This workplace is ever changing and diverse, a suitable challenge for anyone looking for a job to keep them on their toes.

It is very rare to find a job working with children that does not require you to have some form of qualification. Obviously, NVQ’s or other qualifications tailored for the childcare industry are useful, the majority of employers will demand them. When applying for a job it is imperative you check to see what skills are required and make sure you not only have them, but also are able to accurately convey these to a prospective employer.

You need to be prepared to fix a smile onto your face every day, this is one job where you definitely can’t bring your outside life to work. Children need stimulation and a safe atmosphere; it will be your job to provide this. The work is sometimes hard but there aren’t many jobs that can give you the level of satisfaction you will get from it.

If you find yourself an open and friendly person, able to handle changes quickly and effectively, this is the job for you. Like any profession working with people, this is a niche for someone who finds it easy to communicate and enjoys spending time with people. Every day will be different and give you new ways to form a bond with the children in your care, and give you ample opportunity to nurture their growing skills. If you enjoy being a ‘role model’, and having the opportunity to influence people’s lives for the better, then you’ve found your perfect job. The work is hard, but definitely rewarding.

The Six Mistakes Young Families Make

A little knowledge now can prevent a lot of heartache in the future.

Question: If my wife and I purchased a new home in June 2009, does the new tax credit recently passed benefit us?

We did live more than 5 years in previous home. Is this retroactive?

Answer: No, the new law wouldn’t apply to you. If you were a first time homebuyer, then the prior law with a credit of 10% of the purchase price up to $8000 max credit would apply. If you aren’t a first time homebuyer, then no you aren’t eligible.

Farm Aid swings and misses

A group of musicians including Dave Matthews, Neil Young, Willie Nelson and John Mellencamp got together in St. Louis, Missouri recently and held a benefit concert to raise money for small farmers.

Mortgage Tax Benefits Keep Changing for First Time Buyers

Question: with 1000s of mortgage and credit card defaults and the stock market plunging, are we headed for a depression?

rents, mortgages, taxes are spiraling upward.
1000s of people are losing their jobs to “outsourcing”
homes are going into forclosure at a record rate.
wages are not increasing

it is dismal and looks worse every day

Answer: The mortgages that are being “defaulted” on should never had been given in the first place. Adjustable rates, what a crock of doo-doo they are. Credit Card defaults are about the same level as they always have been. Now we have Gary Coleman advertising “Call Cash” that has a 99.25% interest rate. (look at the small print on the bottom right of your tv screen) People will fall for that. If they borrow $100. they will owe $199.25 the next day. What needs to be done is for each city have a “stupid class” and send people there.

So much for my rant!!!!

Rob Johnson: Reviving Confidence in the American Economy: China, Investment and the Deficit Hawks

The retrenchment of the American consumer blows a chill wind over the sentiments of consumers and business investment. Only the Obama Administration’s fiscal stimulus resists the decline of demand.

Obama Fights Outsourcing