The Federal Tax Credits Blog

Posts Tagged ‘january09’

Question: I got screwed out of my stimulus because I am over 17 make over 3k but I’m claimed from my parents.?

My parents claimed me while I am in college to try to get a tax break…I am 21 years old have my own home which I have a mortgage for…I go to school 20 credit hours in college and work 42 hours full time job and make over 3k per year. I got screwed out of my Stimulus when college kids trying to save for their tuition and still try to have a life should get this money!! I work hard!!
I am on good terms with my parents. And well I mean my parents did pay for everything when I was a child and middle school and until I was old enough to get a job … so I think I would feel guilty to ask for it ya know??
And saying my parents did it for a tax break sounds bad… I didn’t mean it like they are swindlers. Most people claim their children through college so its not like a “tax break” as I called it.

Answer: The parents do NOT get any extra for a college kid on their stimulus because you don’t get it for dependents over 17. So where does these kids 300.00 go? The parents get a break on their actual taxes but nothing extra on their stimulus.

Obama continues touting tax credits for clean-energy manufacturing

President Barack Obama wrapped a two-day sales pitch for his administration’s economic policies by pushing for a $5 billion expansion of tax credits for clean-energy manufacturing, an industry that recession-worn Nevada has clung to as a potential lifeline.

The Earned Income Tax Credit Obamas Stimulus Welfare Scam

Question: Are you looking for a hand out – how will he do it?

OK lets see:
you are gonna get a gov health care
Stimulus rebates 2 times a year
double the eic (EIC Tax Credit) OH..I am sure you already know what that is don’t ya ?
tax cuts for 95% of the country..
SO what are we going to cut ?
armour for the troops ?
Education for the kids
Medicare for seniors
disability
What What WHat is gonna give.
Just who – please tell me who is going to pay for all this ?

Answer: I’m sure not going to expect anything. I am retired military and drawing a pension. I’ve been hounded to file for the stimulus rebate for 2 months. I manage ok on my pension even though some months get a bit tight.

I didn’t file for the stimulus rebate and i’m not going to ask for a damn thing…

Future generations of Americans our Grand Children and even their great grand children are going to be paying through the teeth for all this ridiculous spending that’s going on.

Add to your list the illegals who Obama will allow access to draw social security without contributing.

I visited Obama’s website. He has a tax calculator on his site. I entered my pension income and it says i’ll pay $500 dollars less on my pension than i would under mccain’s plan. Under the current tax structure I don’t have to pay taxes and wouldn’t under McCain’s plan either. So I wonder how Obama is doing the math.

I voted last friday for John McCain.

States stymied by school stimulus rules

Auditor-general says federal guidelines hampered state authorities from implementing the Government’s $16.2 billion schools building program.

How Does the Stimulus Work? Rescuing the Economy

Question: What is the student credit TAX $2500?

Hi
I am a student my collage tuition was about 2100 and financial Aid paid about 2000, how do I know if I’m qualified for the 2500 Credit Tax?
thanks

Answer: You don’t include tuition costs paid by grants/scholarships; however, you can include student loans and out-of-pocket tuition paid. The credit offsets your tax liability. If you don’t have any tax liability, the 40% of the credit is refundable.

If you only paid $100 in tuition and had no student loans, then you could receive $40 back (assuming you have no tax liability).
If you had $10,000 in student loans and paid $100, then you would use the maximum $2,500 for the credit. This would give you a refund of $1,000 (assuming you have no tax liability).

Tax Break for Gun Buyers in the Works

West Virginia lawmakers want to give gun buyers an annual break from the state sales tax.

NeoVouchers: The Emergence of Tuition Tax Credits for Private Schooling $24.01 This book provides a comprehensive analysis of the structure, legality, and policy implications of tuition tax credit policies. At a time when these tax credit policies are becoming a major form of American school choice, this book offers insights into both the strengths and weakness of the approach….

Generation Debt How Our Future Was Sold Out for Student Loans Credit Cards Bad Jobs No Benefits&Tax Cuts for Rich Geezersand How to Fight Back $45.35 …

Lawmakers Seek to Rebuild HOPE for Community College Students.(Hope scholarship tax credit)(Brief Article): An article from: Community College Week $5.95 This digital document is an article from Community College Week, published by Cox, Matthews & Associates on July 23, 2001. The length of the article is 656 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation Details…

Hefty Tax Returns for Parents and Students

Question: Why does my $225,000 + bonus annual income disqualify me from the stimulus bill tax benefits?

I am a head of household single parent. I don’t get the $400 tax credit, or the car purchase sales tax deduction or the tax credit on my son’s college tuition. Was I a fool to work hard and pay my own way through college to get a chemistry degree, a law degree and then keep working hard all these years?

Answer: yup pretty much. You should have been like my dad who lays around getting disability. Hey, thanks for paying for my college hahaha.

UPDATED: Year-end tax tips from local experts

SANDUSKY ‘Tis the season to pay taxes. The April 15 deadline to file a federal income tax return looms, and the folks who give advice on such things suggest giving that fact some concentrated attention well before April 14.

President Obama: Health Reform Town Hall at Kroger in Virginia

Question: What tax credits can a low-income student take?

My gf only worked enough last year that she made $350 for the whole year, she has gotten extra student loans so that she could pay for rent and vehicle, etc. Besides lifetime learning, hope credit, and interest deductions, is there other ways to get credits – i.e. for low income, or can her bills be counted somehow towards these ?

Answer: If she’s at least age 25, she’s probably eligible for an Earned Income Credit (EIC) of $29 – if she’s under 25 she can’t get that.

With income that low, the credits and deductions you mention won’t save her anything. She won’t owe any tax, so unless she’s eligible for EIC, the only refund she could get would be anything that was withheld for federal income tax.

Car dealers get year-end boost with special offers

As we leave 2009, we say goodbye to some once-popular car lines, victims of the year’s tough economy. But the loss means big business right now for some Central Arkansas dealers selling the remaining inventory.

Financial First Aid Kit $3.38 Nolo’s Financial First Aid Kit: the complete set of personal finance tools designed to help you solve your urgent money matters, build a solid financial future, launch your own business and increase your income. Here’s what you will get inside: Credit Repair eBook, The New Bankruptcy eBook, The Foreclosure Survival Guide eBook, Money Coach personal finance software, The Small Business Start-Up Kit…

CRAMDOWN: Renegotiating Mortgages, Car Loans, Student Loans, Credit Card Debt, Taxes & Other Obligations in the Age of Wall Street Bailouts $9.95 This fall, Silver Lake Publishing is “crashing” into retail stores a new book on loan mods and other renegotiations. CRAMDOWN: Renegotiating Mortgages, Car Loans, Student Loans, Credit Card Debt, Taxes & Other Obligations in the Age of Wall Street Bailouts follows in the series that has included the national bestsellers Identity Theft and Scams & Swindles. This is the first comprehensive book …

NeoVouchers: The Emergence of Tuition Tax Credits for Private Schooling $24.01 This book provides a comprehensive analysis of the structure, legality, and policy implications of tuition tax credit policies. At a time when these tax credit policies are becoming a major form of American school choice, this book offers insights into both the strengths and weakness of the approach….

Calculating the direct foreign tax credit in Japan (University of Washington. School of Law. Student papers) …

Student Scholarship Program