The Federal Tax Credits Blog

Posts Tagged ‘new car tax credit or deduction’

Question: Itemize the same tax deduction when filing separately?

Hi, We filed for Divorce in january 2009. My Ex and I are planning to file married but separately. If he itemized his deductions, I understand that I need to do the same, right? and If he claims the support for the daycare expenses, tax credits and the mortgage, can I claim the same deductions on my tax return? he hs paying for the mortgage and I have been for the daycare. Knowing that we do not communicate, are there any laws or rules on WHO should claim what?

Thanks.

Answer: 1. The deduction can only be used once.
2. If you didn’t pay for it, you can’t deduct it.
3. The daycare expense goes to the parent the child was living with who also claims the child. (If you were separated, lived apart for most of the year, then you claim the daycare if the child lived with you.)

See IRS pub 504 for more comments.

Give to Food Bank of South Central Michigan, get a tax relief

Would you like to receive some tax relief and help get food to your neighbors in need at the same time? There’s still a few days left to make a monetary contribution to the Food Bank of South Central Michigan (FBSCM) and receive a special Michigan tax credit, for up to half of your contribution. That’s in addition to any federal deduction you might claim.

The HAPPY Act to provide tax credit for pet and veterinary care by U.S. Rep. Thaddeus McCotter