The Federal Tax Credits Blog

Posts Tagged ‘claim tax credits online’

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: 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