The Federal Tax Credits Blog

Posts Tagged ‘money’

Question: Employer required to reissue W2?

Hi I have a question regarding 457 deferred compensation plan. First am I still eligible to make contributions of $2000 to a traditional Roth directly out of my paycheck before filing is due and credit it towards 2006. 2nd, if I am allowed to do that will my employer be required to reissue me a new W2 with a lower taxable income with the IRA contribution on it. What this will do for me is bring my tax liability down $800 from the lower taxable income of $2000 and the $200 saver credit. In essence I get an immediate return of 40% on my $2000 investment. Hope somebody can help me.

Answer: What he said ^

And your employer will not issue a W-2c for what you do with your money. You’d receive paperwork from the company with whom you invest your Roth IRA that you’d file with your tax return to verify your deduction.

Reserve Bank surprises on Cup Day

The Reserve Bank has raised interest rates on Melbourne Cup Day for the fourth time in five years, taking the official cash rate to 4.75 per cent.

SAVE MONEY ON YOUR ELECTRIC BILL

Investment Professionals, Inc. Acquires Nexity Financial Services’ Bank Brokerage Relationships

dealer Investment Professionals, Inc. today announced the acquisition of the bank relationships of Nexity Financial Services, Inc. , the wealth management division of Nexity Financial Corporation. Will Mackey, former CEO and founder of NFS, will become IPI Director of Business Development responsible for building new financial institution relationships and recruiting financial consultants. …

Part 1 – Meeting the retail needs of the Muslim Community

Question: Working Tax Credit and child tax credit?

I am looking to go back to work. I am single mum with a 5year old. The only work i can seem to find is with employment agencies. If it is says the work is permanent and Im working at least 16 hours can I still claim Working and child tax credit???
I have been told by a friend I cant as its a agency but surely it doesn’t make a difference.

Answer: You can Claim Tax Credits as long as you work over 16 hours per week , working for an agency makes no difference

40,000 kids in Poland get UK child benefit

Millions paid to foreign workers

Lewiston-Auburn Law Enforcement Leaders Back child tax credit To Cut Crime

Question: earned income child tax credit??

ok, i am looking for a table with all the amounts a individual can make and how much of eic they will get, for ex: 0-8000 you’ll get 500 back.
i cant find a table/chart like this anywhere, does any one know where to find one??

Answer: try contacting your IRS.

Mom of B & D

Second-quarter foreclosures drop compared to 2009

Foreclosures across South Carolina dropped more than 10% in the second quarter of 2010 compared to the second quarter of 2009, according to a real estate market report on residential housing.

Camp, Boehner, unveil dizzying chart showing health care credit nearly impossible to navigate

Question: Why isnt my energy tax credit showing up on my turbo tax refund?

I spent around $9,000 on energy efficient upgrades to my house and it is not showing up on my turbo tax refund!!!!! why is this?
I know i dont get the 9 grand back! I am supposed to get a 1500 dollar tax CREDIT!
I dont owe anything into my taxes, and i entered in everything it needed to know about what i bought and how much it cost.

Answer: I had the same problem. Glad I’m not the only one. I’ll try tomorrow, on the 22nd and see what happens. I spent 9,000.00 on windows and 1000.00 on doors so I want my tax credit!

Expanded Adoption Credit Available for Tax-year 2010

The Internal Revenue Service issued guidance on the expanded adoption credit included in the Affordable Care Act.

HUGE Tax Refund Just for Indiana – Fiscal Tax on WISH TV