The Federal Tax Credits Blog

Posts Tagged ‘tax credit eligibility’

Question: Grad school financial aid eligibility?

I’m about to graduate with my undergraduate degree, and thankfully my parents have paid all $150,000 of my tuition this far. Unfortunatley, that is it, and I will be responsible for any future educational costs. I’m 21 years old, and working part-time as I finish my degree. My plan is to begin full-time employment this summer with expected earnings of around $50,000/year. This is obviously no where near enough to cover tuition.

My question is, if my parents stop claiming me on their taxes, will I be eligible for financial aid on my own? My parents make too much money, so using them will squash any financial aid awards. Also, my credit is horrible. If I get loans, I will need my dad to cosign, and I’m afraid that will cause his finances to dictate what type of financial aid package is extended.

Answer: If you are a graduate student, you do not have to report parental income on your FAFSA. Usually stafford loans do not require cosigners.

Fitch Rates Fort Wayne Air Trade Center Bldg Corp., IN’s Taxable First Mtge Rfdg Bonds ‘AA+’

Fitch Ratings assigns an ‘AA+’ rating to the following Fort Wayne International Airport Air Trade Center Building Corporation, Indiana obligation:

How the other half lives. (North Carolina counties’ eligibility for Department of Commerce’s Job Creation Tax Credit program): An article from: Business North Carolina $5.95 …

Health Reform: What Employers Should Know for Now and for the Future – Part 1

Question: Hope Scholarship and Lifetime Learning Tax Credits?

I got a letter regarding these two things. I am not quite sure about what they really are. Could you make easy response to help me get it?

First statement in the letter: Your school…provided the enclose IRS Form 1098-T to help you or your parents determine eligibility for the Hope Scholarship or Lifetime Learning Credits….

Tell me more if you know about these sort of things

Answer: Here is the Tax publication that explains both and a description of who can get it. In a nutshell these reduces your (or sometimes your parents) tax liability for your college costs.

Portfolio Approach: New Kids on the Block

The share of renewable energy in overall electricity generation increased from 13 to 16.6 percent between 2001 and 2008 in EU and from 7.7 to 9.1 percent between 2001 and 2008 in the U.S. When looking only at “new” renewables, excluding hydro, they thus constitute the most dynamically growing segment in the overall mix. Figure 1 displays the growth path by renewable energy source in the U.S. and …

Hope and Lifetime Learning Credits

Question: Va Home Loan Question?

My Father just received his Certificate of Eligibility for a VA home loan. Does this guarantee him the loan? What are the next steps? Also, his credit is below average, can he use me as a cosignee if I have an above average credit score? We’re hoping to get our first house this year and take advantage of the new home Buyers Tax Credit.

Answer: No, the bank makes the loan. VA makes it possible that you don’t need a down payment (or very little) and possibly the seller can pay closing costs if written as part of the bid. There is also the VA funding fee (which can be financed)- your father will be exempt if he is receiving compensation for a service connected disability.

http://www.homeloans.va.gov/lgyfaq.htm

These FAQ’s should help.

I’m not sure about cosigning, but the loan can be put into both your names.

Few teams for home-schooled athletes

COLUMBIA — Only 15 years old, Hannah McGennis tightly clutched the MVP trophy awarded to her for exceptional play. Hannah and her team, the Central Missouri Saints, were national champions after defeating the Thesa Riders of Fort Worth, Texas, on March 20 in the girls 16-and-under National Christian Homeschool Basketball Championships title game. “Our team enjoyed it because we’re the little …

Who our tax dollars went to and WHY! – The Crisis of Credit Visualized Part 1