The Federal Tax Credits Blog

Posts Tagged ‘how to claim tax credits back’

Question: About how much do you get back for a qualifying relative?

My boyfriend claimed our child on his taxes and got like 4000 back. He got the tax credit or whatever its called. He is going to ammend his taxes and claim me as a qualifying relative. How much more will he get back for claiming me? Just an estimate if no one knows the actual $ amount. He made about $11,000.00 last year. Thanks!
he did not
“fudge” numbers. And yes i am a qualifyiny relative, i’ve lived with him for 2 years and hes supported me and i did not have a job. Therefore, i am a qualifying relative. And he got the Earned income credit. He had his taxes done. So no he will not be in prison. Everything was done CORRECTLY. He just wasnt sure he could claim me. But he can.

http://answers.yahoo.com/question/index;_ylt=AuFrQ18Ir3CY9dCeBqz072Psy6IX;_ylv=3?qid=20100224071200AA1LMOv

Answer: NOTHING
That was due to refundable credits, like EITC, and ACTC (and CTC).
It merely reduces his taxable income by $3650 to claim a Qualifying RElative
It likely makes no difference as he may have no taxable income anyway
There are specific requirements to be met for him to be able to claim you: www.irs.gov qualifying relative BUT COMMON SENSE is in error, qualifying relative does NOT have to be related

HUFFPOST HILL – MAY 27, 2010

What’s Your Reaction? Good news if you’re unemployed: Congress will vote on unemployment benefits. Bad news: It might be a while. Good news if you’re gay and patriotic: It looks like DADT repeal will pass. Bad news: You’re going to have to wait at least until the end of the year to enroll.

How to renew your tax credits

Question: Poll Tax, if I dont pay it can I still claim Working Tax Credits?

Will it afect my state pention when I retere in 5 years time?

Answer: You mean Council Tax and non payment doesn’t affect credit, benefits, or anything really.

However, you could be imprisoned. Many boroughs are doing committal orders again.

Bear in mind, once a Liability Order is awarded at court, the Authority has the power to send in bailiffs, take money from your earnings or benefits, make you bankrupt or put a charging order on your house.

But benefits or pension? No, it won’t affect them.

Managing money: Keep finances in order

While the nation attempts to dig out of an extended recession, many are likely to resolve to improve their financial situation in 2010.

How to Claim $8,000 Tax Credit