The Federal Tax Credits Blog

Posts Tagged ‘business’

Question: Does anyone here private rent from a relative and recieve housing benefit?

My friend has children and her partner works full time but has a low income so they recieve top ups with tax credits and are entitled to some help with rent and council tax, she will be moving in to her father in law’s house in a couple of months as it is a better area than where she is now and her father in law is moving away. I asked on here before if you allowed to get housing benefit when renting from a relative and everyone said no, but my friend phoned the council and asked and they said that you can rent from a relative providing you give them proof you are really paying them rent and living there. Is this correct or did they make a mistake as she doesn’t want to move in and find she can not get the housing benefit as she can not afford the rent otherwise. She lives in kent/london boarder. Thanks.

Answer: I get rent from a council and my brother and his wife are in the house. I get the rent paid direct from the council. The council know my relationship and there has never been any problem with this. My brother should also pay me rent but I let this go and the council don’t check up or don’t bother. This has been my situation for a few years.

I am sorry to tell you that some answerers on here guess the answer.

Card Scams, Frauds & 24 7 Protests for Months – All For the Same Cause – Part 3

Question: home tax credit…………?

my husband and me are buying a home contract for deed and only paying 5,000 for it.. we are paying it off when we get our income tax money..

can we do the tax credit thing??

and how much will we get..

thanks for any info..
8 minutes ago – 4 days left

Answer: If you pay $5000, the 10% credit would be $500.

Contract For Deed Buyer Tips- Jason Regenscheid Edina Realty North Oaks

Question: How exactly does the adoption tax credit work?

My husband and I are considering an international adoption. We normally overpay on our taxes and as a result get money back every year when we do our taxes. I am not sure how this works with the adoption tax credit. Will we get that much more money back? Just trying to figure out if we can financially afford it and this information would really help.

Answer: I have not verified this but, from what I understand the Adoption Tax Credit will be changing if it has not yet. The Current Rules will Expire in 2010

Families who adopted Domestically or Internationally could claim the tax credit and were required to Document their expenses in order to do so. Any Employer Adoption Credit had to be deducted from the Tax Credit.

Families who adopted children from foster care can take it without proving the expenses to adopt (since there really arn’t any)

The Tax credit was originally designed to make it a little more possible for families to Adopt Children our Taxes are already supporting. The sad thing has turned out that many families who do adopt children from Foster Care didn’t think they could claim it because they thought they had to document the expenses.

The vast amount of people who have been Claiming it are doing so for International and Domestic Private Adoption and there has been a number of Senators wanting to change the law when it renews in 2010 and only allow the credit for children adopted from Foster Care as it was originally intended.

so….as far as we know right Now the Adoption Tax Credit will ONLY apply to US Foster Child adoptions after 2010…

airline tickets flights

President Obama Addresses Council of La Raza

Question: Are college application fees eligible for the American Opportunity tax credit?

I currently attend a community college and my family is going to receive the cost of tuition and books there under the American Opportunity credit. This year I also paid $60 each for 4 UC transfer applications, and I want to know whether or not that $240 is also eligible to be credited to us.

Answer: No.

New Markets Tax Credit (NMTC) Mapping Tool