The Federal Tax Credits Blog » january09

Federal Tax Credits For Students

admin — Sun, 09 Jan 2011 03:36:46 +0000

Question: Should I buy a house or use savings to pay off student loans?I have about 36k in student loans at 6.8% interest. I also have about 30k in savings and take home about 4k. The 8k federal tax credit for first time home buyers ends on Dec 1 so I am wondering [...]

Federal Tax Credits For Students is a post from: The Federal Tax Credits Blog

Tax Credit Education Stimulus

admin — Mon, 25 Oct 2010 07:27:49 +0000

Question: How much do I owe in taxes?I’m a college student who gets $14,000 in scholarships per year. My tuition and fees expense for this year is approximately $4,666. My parents cover what my scholarships don’t cover and are going to try to get the tax credit for education (American Opportunity) that is in ARRA, [...]

Tax Credit Education Stimulus is a post from: The Federal Tax Credits Blog

College Tax Credit Stimulus

admin — Mon, 26 Jul 2010 07:32:31 +0000

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 [...]

College Tax Credit Stimulus is a post from: The Federal Tax Credits Blog

Education Tax Credit Stimulus

admin — Fri, 07 May 2010 15:30:05 +0000

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 [...]

Education Tax Credit Stimulus is a post from: The Federal Tax Credits Blog

Tax Credits For Students

admin — Mon, 15 Mar 2010 04:16:08 +0000

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? thanksAnswer: You don’t include tuition costs paid by grants/scholarships; however, you can include student loans and out-of-pocket tuition paid. The [...]

Tax Credits For Students is a post from: The Federal Tax Credits Blog

Tuition Tax Credit Stimulus

admin — Sun, 19 Apr 2009 12:53:42 +0000

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 [...]

Tuition Tax Credit Stimulus is a post from: The Federal Tax Credits Blog

Student Tax Credits

admin — Sat, 07 Feb 2009 06:17:42 +0000

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 [...]

Student Tax Credits is a post from: The Federal Tax Credits Blog

Federal Tax Credit Bill

admin — Thu, 05 Feb 2009 12:23:05 +0000

Question: Can your paycheck be garnished for a nine year old credit card bill that is identity theft?I got a notice this was going to be done. I thought this was illegal, that your pay could only be garnished for child support, taxes, alimony and student loans. I’m a victim of identity theft and a police [...]

Federal Tax Credit Bill is a post from: The Federal Tax Credits Blog

Tax Credit College Tuition Stimulus

admin — Wed, 28 Jan 2009 14:46:44 +0000

Question: Are you taking advantage of the 30% off windows,doors,water heaters,A/C?I am really liking what I see in this stimulus package. I was planning on upgrading my windows and entry door this summer anyway, also I was planning on installing a on-demand water heater. Now I will help the economy by hiring [...]

Tax Credit College Tuition Stimulus is a post from: The Federal Tax Credits Blog

Federal Income Tax Education Credits

admin — Fri, 14 Nov 2008 22:43:25 +0000

Question: Federal Education Credits – Hope and Lifetime?I was just doing my taxes and when I got to the education credits form (8863) it came out that I am not entitled to claim any credits. It’s because my income is so low I don’t pay any federal tax (my income was about $4500 last [...]

Federal Income Tax Education Credits is a post from: The Federal Tax Credits Blog

Tuition Tax Credit Stimulus Bill

admin — Sat, 01 Nov 2008 15:23:29 +0000

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Tuition Tax Credit Stimulus Bill is a post from: The Federal Tax Credits Blog

Student Tax Credit Stimulus

admin — Thu, 10 Jul 2008 03:04:06 +0000

Question: Details of New 2009 & 2010 Tuition Tax Credits…?I read an article in my local paper yesterday about the new tuition tax credit that was part of the Stimulus package, where you get a $1 for every $1 paid in tuition, up to $2,500. I am currently Unemployed, and my sole source of income [...]

Student Tax Credit Stimulus is a post from: The Federal Tax Credits Blog

Tax Credit Tuition Stimulus

admin — Thu, 08 May 2008 02:13:01 +0000

Question: What forms will I need to file old tax returns, 07 and 08, the regular 1040ez forms?I didn’t file my taxes in 07 or 08. There’s no evasion here just laziness, I’m a college student and I work a full-time job. The year of 07 I made about 12k, the year [...]

Tax Credit Tuition Stimulus is a post from: The Federal Tax Credits Blog

Federal Tax Credit College

admin — Wed, 23 Apr 2008 05:02:34 +0000

Question: Educational Tax Exemptions??I’m an adult student , returning to college. I believe I have already used that Hope Educational credit a few years back, and it was my understanding that is a ‘one time’ thing. Are there any other educational exemptions I can use on my Federal Taxes? ( I’ve also worked all of [...]

Federal Tax Credit College is a post from: The Federal Tax Credits Blog