The Federal Tax Credits Blog

Posts Tagged ‘credits’

Question: Can I get tax credit for raising livestock or crops in tennessee?

There are some states that grant you additional tax discounts for raising livestock or crops on land. Does Tennessee have any additional tax benefits for farm land?

Answer: There are some states that grant you additional tax discounts for raising livestock or crops on land….

Call 1 800 hr block and plug in your zip code to find an office.

Talk to that local rep and if necessary they will have the farm rep speak to you. They WILL know the answer to your question, or they will find out for you. N/C I suspect, they want your business.

Also maybe you could find the # for the local co-op, they will also know!…for sure!

The Living Farm

Question: I forgot to claim the education credit on my 2006 tax return, can I ammen my 2006 taxes?

this deduction may or may not result in a refund but is it worth the cost to have someone look at it?

Answer: You can amend your return up to 3 years after the original filing, so you have plenty of time. As an earlier post pointed out, however, education credits do not reduce your total tax liability below zero — so be sure the amended filing will save you more in taxes than it costs to prepare the filing (especially if you have to pay someone else to do the work).

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Tax Credits – Too Valuable to Overlook

Question: How does McCain’s healthcare tax credit help poor people?

For people that are not eligible for medicare or medicaid, how will the tax credit help these people pay for health insurance? For example, a family of 4, above the federal poverty level ($21,800 for 2008) let’s say around $30,000, after paying housing, food, clothes, absolute essentials, there is no money left to even buy health insurance. How will this $5000 tax credit help a family like this? Please no bashing the other party, this is about mccain’s solution to the problem of uninsured people.

Answer: they probably do not own a house and would recieve free medical care at the emergency room. Since they really do not pay taxes, they should not be given money either with an income tax break or being disbursed free money… as Obama has suggested

I think the families solution would be to get extra work to afford some health care discount or even insurance and then apply the credit

Amgen’s First Quarter 2011 Revenue Increased 3 Percent to $3.7 Billion

THOUSAND OAKS, Calif., April 20, 2011 /PRNewswire/ — Amgen (NASDAQ: AMGN) reported adjusted earnings per share (EPS) of $1.34 for the first quarter of 2011, an increase of 3 percent compared to $1.30 for the first quarter of 2010. Adjusted net income decreased 2 percent to $1,258 million in the first quarter of 2011 compared to $1,282 million in the first quarter of 2010. Total revenue …

McCain Unveils $5000 Health Care Tax Credit – 4/29/08

Question: Why do democrats not support tax credits for health insurance?

Universal Healthcare is on the agenda for this next election. However for several years republican and democrats have been trying to come up with a way to pay for healthcare.

At one point it was proposed that all health insurance costs could be written off on your income tax. Thus making it a tax deduction. Hillary Clinton, Obama, and a majority of democrats are against this method?

However they are all for tax deductions for buying a hybrid car. Isn’t this a better alternative than trying to implement a system that is not the best method for healthcare?

Answer: Can’t see why they’d not want to have health insurance costs to be tax deductible. As for rectifying the problem of healthcare access in this country, it seems like a step in the right direction. If people could deduct the cost of health insurance from their taxes it would make shopping around for the best and most affordable insurance a good option, and have the effect of creating a more competitive environment in the industry. As it is, the only way to have that benefit is to take whatever healthcare provider your employer does business with.

Tax law changes delay tax filing for some, but there’s good news on Valentine’s Day

The Internal Revenue Service is showing some love to taxpayers on Valentine s Day – it finally will start processing tax returns delayed by last-minute tax law changes.

Ron Paul, Tax Credits, Tax Deductions

Just Energy Reports Third Quarter Results for 3 Months and 9 Months Ended December 31, 2010

TORONTO, ONTARIO– – Just Energy Group Inc.

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