The Federal Tax Credits Blog

Posts Tagged ‘work’

Question: Working and child tax credits help?

I’ve never even thought to look into it until today as I’ve been told it comes with a lot of paperwork. I used the online caluclator to work out how much we might be able to get and it said £151.50. Is that per year? It seems totally not worth anyones time or effort filling in those forms for £12 per month. I suppose it about pays for the TV licence though!

Answer: the best way is just to ring them, they will be open tomorrow, i get £87 child tax credit a month, my husbands earnings and mine added up to 48 thousand if that helps

German businessman ‘John Rabe’ stands up to Japanese army

A German businessman helps save 250,000 lives during Japan’s 1937 invasion of China in the inspiring drama “John Rabe,” arriving Sept. 7 on DVD.

Sage Peachtree Complete Accounting 2011 [OLD VERSION] $21.99 Sage Software Peachtree Complete Accounting 2011 PCW2011RT Business Management Software…

Xbox LIVE 1600 Microsoft Points [Online Game Code] $18.99 The 1600 Microsoft Points Card is your ticket to a vast world of entertainment. Redeem your points through the Xbox LIVE Marketplace to crank your favorite games up a notch with add-ons like new songs, maps, levels and more. You can also download HD movies or TV shows for an instant movie night or pick up and play arcade games the whole family will love…

Sony Playstation Network Card – $50 $54.46 The Sony Playstation Network Card can be used to download games, movies, and more from the Playstation Store. In the past, a credit card was required for purchases from the Playstation Store. With the new Playstation Network Cards, users can shop the Playstation Store without needing a credit card. These cards can be used in the Playstation Store on both the PC and the online browser of the Playst…

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08/16/10: Governor Quinn Encourages IL Employers to Take Advantage of Small Business Tax Credit

Question: Daycare deduct as business expense?

If one is self-employed and files a schedule C, can she deduct daycare/babysitting expenses to go to work 100% as a business expense? This would be instead of taking the day care tax credit. Also, then would she need to 1099 her daycare provider/babysitter in order to claim the business deduction?

Answer: While you won’t 1099 the provider, you will be giving them a W-10 to get their SSN so you can put it on form 2441. (UNLESS she does the work at your house, in which case YOU owe her a W-2 and need to file a schedule H to pay the payroll taxes.)

The IRS can then cross check to see that she reported the income on her tax return.

Summertime child care expenses may qualify for a tax credit

Did you know that your summer day care expenses may qualify for an income tax credit? Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation. Those expenses may help you get a credit on next yearâs tax return.

Making the most of the Childcare Tax Credit (Childcare now making it work briefing paper) …

Child Care Tax Credit

Question: I’m a single parent – Any other benefits I can receive?

I’ve recently left my child’s father and am wanting to rent somewhere on my own. However with my financial situation this would be difficult. I was wondering if there is any other help available. i am working 16 hours a week and I already receive tax credits, child benefit and money from child’s father.
I’m living in England

Answer: You can get help from DSS, and food stamps, because of the short hours you work. You can apply for low income housing and also sec 8 housing, which they would base the rent on your income.

Study Points to Health Law’s Penalties

About one-third of employers subject to the new law may face tax penalties because they offer insurance that could be considered unaffordable to some employees, the study says.

Question: do u guys think i can afford this house payment? give me an advice!!?

i make around 3000 a month…my house payment will be $1094.00 with tax and ins total a month with a 30 yr fixed 6.25 rate.i pay 795 for my aparment right now..county is giving me 35k to put as down paymet.i have no debt at all ..no car paymet or credit cards…..what other expenses should i consider….give number figures please….i think i can do it….house it will be about 25 minutes from work small car for work ,,,,this is california estate…..plus we got about 13k in savings,,,,no closing cost is they accepted.

Answer: Maybe, If you live like a frugal monk, keep in mind there will always be unexpected expenses on the house as well as the utilities (the seller and utilities can give you those numbers.)
since you say “we” I presume a spouse is involved. Does your $3000.00 include her income? Would she be able to pick up a local job that wouldn’t require her to have a 2nd vehicle. If you want a rough estimate of what your vehicle costs will be double what you spend on gas.
Subtract all of those numbers from your net income and this will leave your budget for food clothing other expenses and
emergencies. I paid off a 12% – 10 year mortgage in 8 years
it wasn’t easy or fun. PS I did all the repair work on my vehicles and the property.

2010 May Be the Year to Buy a New Appliance

Next year may be to appliance buyers what 2009 was to car buyers: time for government rebates.

The Roads Of Napa – Our deteriorating roadways Part 1 of 6