Are seniors and or retirees getting anything from the tax rebates that are coming?
Answers: Not based on the House plan -- and frankly, nor should they.
They didn't contribute anything in the form of taxes during 2007 to deserve any sort of tax rebates
The Senate ploy to give seniors who didn't have sufficient income (other than SS) to warrant getting a tax rebate is nothing more than more election pandering by the socialist democrats.
At what point do we say no to the over 65 crowd for anything?
Look at what that unwarranted Medicare Part D program is doing to drive up health costs.
Please answer?
two questions..1. my fiance be 17 when he lived with me adjectives of last year. since he be a minor during this tax year could i claim him as a dependant on my taxes? and will i earn a excise credit?
2. my fiance's mother wants to claim him on her taxes even though he didnt live near her at all ultimate year. is this even allowed since the place he worked states his address was at my home during this time?
Answers: 1) Dependants enjoy to be related to you or adopted through a qualify agency. Boyfriends, Girlfriends, Fiancés, Spouses, etc. can never be dependents, regardless of support, sorry.
2) Your fiancé is 17 and therefore the mother can claim them as a dependent beneath code 2 (Your child who does not live with you.) She will be not sufficiently expert to claim Child Tax Credit but she will get the exemption.
His mother can't claim him unless any he was 'temporarily away from home" (qualifying child rules) or that she can show that SHE provided more than partly of his total support (qualifying relative rules). if she wins underneath the QC rules, you are precluded from claiming him.
You can't claim him except lower than the qualifying relative rules. This would, at best, receive you the $3400 exemption, but not EIC. You must also show that you, personally provided more than partially of his support, that his income was smaller quantity than $3400 and that living with you did not violate local tenet.
If his gross income for the year was over $3400, next no you can't claim him. And being a minor doesn't rework anything about that. If he made smaller quantity than $3400 total for the year, you might be able to claim him as a dependent, but couldn't folder as head of household or whip any credits for him, and won't get a $300 rebate for him.
If he didn't live near his mom at all concluding year, then no she can't claim him any.
If he was considered away from home at university he'd be considered to be living in his mother's home and she can claim him as long as he didn't provide more than partially of his OWN support.
If he's not away from home at school you can claim him yourself if ALL of the following test are met:
1. He is not the Qualifying Child of another taxpayer.
2. He lived in your home ALL year.
3. He have less than $3,400 within gross income, excluding non-taxable Social Security.
4. You provided more than half of his support for the entire year.
5. Your relationship is not unlawful under local ruling. If there is a state or local canon that prohibits cohabitation OR if you are an adult and he's considered a minor below your State's statutory rape law afterwards you cannot claim him as your dependent, even if either or both such law are unenforced.
If you can claim him it would be under the Qualifying Relative rule. You can not report as Head of Household or claim the EIC, Child Tax Credit or Additional Child Tax Credit based upon his dependency status.
You would not achieve any stimulus payment for him, nor would he receive one himself.
Unfortunately next to your fiance still being a minor she can claim him as a dependent unless he be emancipated.This is how hte law works to the best of my erudition.
Only one can claim him.Which in this crust would be his mother or father.
Is it better to wallet taxes on your own or own someone claim you?
Hey guys. So, I made about $10k end year and my boyfriend wants to claim me on his taxes. He made in the region of $13k. Which way should we report our taxes to get the biggest settlement? Together or seperate?Answers: Legally you cannot file collectively if you are not married. He can only claim you as a dependent if you made smaller amount than $3,400.00 per year, you lived together the entire year, he provided more than 50% of your support, and you cannot be claimed by anyone else.
If these conditions aren't met, he can't claim you on his return as a dependent.
he can't claim you. You have to wallet your own return - there's no guarantee either one of you will take a refund. that depends on how much withholding rates you each have - you may wind up owing taxes