The Federal Tax Credits Blog

Posts Tagged ‘student’

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: 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 .. plumbers,electricians,carpenters. I wish people could be more positive about this stimulus, it is really a great thing. I also have two boy’s in college that I am 100% paying for their tuition. With the Education Tax Credit Obama has passed, I will have a tax savings of $2,500 next year applied to that debt. Thanks Democrats.. keep up the great work!!!
comment on reply below.. I doubt a high schooler would know what a On -demand water heater is..

Answer: OMG! Obama’s plan provides money to send kids to those evil liberal indoctrination centers known as colleges? This will not stand! Why…those boys will turn out to be “educated left-wing elitists”!

Somebody get Hannity on the phone now!

(BTW, good luck with the remodling! I like my on-demand heater.)

THE YEAR IN REVIEW: Local news highlights from 2009

A look back at the people and events that made news during the past 12 months in the Mid-Hudson Valley:

Senator Schumer on Education in the Stimulus

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You can find money to pay for college

(ARA) – In a competitive job market, earning a degree can be the biggest single step one can take to enhance career value and earning potential. As many bask in the glow of making plans to increase their career potential, the prospect of paying for college is a sobering reality.

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 of 08 I made about 25k, could I still use the 1040ez form to complete both of those years?

For the year of 07 I’ll be claiming the Lifetime learning credit (paid over 10k in tuition)

For the year of 08 I’ll be claiming the Lifetime learning credit again (paid 7k in tuition) and for the Recovery Rebate since I never got a stimulus check.

Can I do all this with the 1040 EZ forms with my income brackets and credits ect.

THANKS and HAPPY HOLIDAYS!

Answer: you can find old forms at www.irs.gov
and the stimulus money for 2007 was on timely filed returns, you are not eligible for it now
if the EZ form includes your credit for education, yes, however the EZ is a very basic, simple form with little extras included
one form is as good as another and a 1040 covers everything

Restoring an educational gem’s luster

Cuts are fast eroding California’s once-vaunted system of public colleges and universities. Judicious change can address new realities while affirming the enduring goals of the state’s master plan. Great beaches, a gentle climate and the best system of public higher education in the country, maybe the world. California is famous for all three, but what it deserves abundant praise for is the last …

Obama slams Mccain: Corporate Tax Cuts & The Earmark Fallacy – Rachel Maddow comments