The Federal Tax Credits Blog

Posts Tagged ‘money’

Massive Credit Crunches Have Occurred Since Medieval Times, So You Can Stop Blaming Goldman

“Beautiful credit! The foundation of modern society. Who shall say this is not the age of mutual trust, of unlimited reliance on human promises? “I wasn’t worth a cent two years ago, and now I owe two million dollars.”

Stateside Capital, LLC – Effective Tax Credit Funds

Question: how does the tax credit refund work?

me and my hubby pay in at least 1300 every yr for taxes. we make around 50,000 a yr. taxes are taken out of his checks but not mine
we have two children. do we qaulify?

Answer: If you’re referring to the Earned Income Tax Credit, see the link I am including. It discusses this: Find out if you are eligible for the Earned Income Tax Credit (EITC) by answering some questions and providing basic income information using the EITC Assistant. Available in English and Spanish. The 2007 EITC Assistant is now available.

Good luck!

Homebuyer tax credit: 950,000 must repay

Nearly half of all Americans who claimed the first-time homebuyer tax credit on their 2009 tax returns will have to repay the government.

Atlanta Home Buyers – $8000 Tax Credit Refund

Question: why does the government give tax credits to families earning £50,000 a year?

http://www.timesonline.co.uk/tol/news/politics/article6862831.ece
and why give baby bonds to everyone?

Answer: I don’t know, it’s about egalitarianism.

I can’t believe a family on £50k + gets tax credits, having said that New Labour do support their own.

Top Earners Lose Cost of BMW If Bush Tax Cuts Expire

Sept. 10 (Bloomberg) — Wealthy Americans have the price of a BMW convertible riding on the outcome of the Congressional battle over tax cuts set to expire this year. Jobs and Growth Tax Relief Reconciliation Act of 2003 – United States – President – BMW – Barack Obama

Mortgage Tax Credit – Orange County: http://dixonteamoc.com

Question: Democrats propose tax surcharge to finance Iraq war ?

This is right out of todays headline. Now, what the hell is on the Democratic agenda??
1st , they mostly back the War. 2nd, when they see Bush’s popularity decline ( and ONLY then ) they come out like hyena’s and flip against the war. Now what do they do ?
They propose a tax surcharge to finance the war !
I’ve now lost any remaining respect and TRUST I might have had for the Idiots managing the Democratic party . These people are without conviction , committment and values !
We, the American people and our wonderful people over seas do not need this sort of vascilating bullshit !
What we need to do is to follow through with our commitment in the Middle East
Of course we need to pay the bills . Give Democrats the credit for deciding to pay the bills ?
I may have been born yesterday….but it was pretty damned early !
Hillary,if you want the job, you’ll need smart people with you. Not “D” idiots in D.C. that still suffer from the dilusion that Americans are asleep !

Answer: The Democrats are so desperate, they are proposing all sorts of goofy things to try to get people on their side. They want to bring back the draft too. They actually believe the people are so stupid as to think the Democrats are relevant. The Democrat party is dying. Since the party was taken over by the extremist leftists, they have gone from bad to terrible. Serves them right.

Credit firms may be used to catch benefit cheats

As David Cameron announces that credit ratings agencies could be used in the coalitions fight against benefit cheats, Channel 4 News looks at how the agencies may be used to save £5.2bn.

Washington State Housing Finance Commission | WAHomeowners.com

Question: 1040 Education Credit?

It looks like my girlfriend qualifies as a dependent – I paid for most of her education expenses (she is enrolled in a 2 year program at a local college) in 2009 – is there any reason I dont qualify for the education (American Opportunity) tax credit? She is a foreign student. Thanks
Not sure why she would be considered a non-resident for tax purposes, she is a resident in every other sense, and is required to file like any other resident – can someone explain?

Answer: Just cause u paid for her classes doesnt make her dependent, she should file independent. For school/tuition ONLY use the “American Opportunity Credit” form 8863. it doesn’t matter if shes foreign, it only matters what was PAID TO THE SCHOOL. The school should have sent a statement back at the beginning of this year. use this for the tuition expenses and make sure u claim it on the 8863 form. I had problems and went to the IRS and they did mine. Happy tax filing!!

Ontario’s Chartered Accountants Offer Tax Tips for Students

CAs’ Advice Designed to Help Students Save Money, Make Money

Tax Breaks for Your Education Expenses