Tax Return- EIC?
What determines the amount I get support from EIC (Earned income credit)? Does my income have something to do beside it or my dependents and income combined?Answers: Dependents and income combined, but mostly income - it has to be relatively low to wallet for EIC
Note that the maximum amount of income you can earn and
still get the credit have increased. You may be able to lift the credit if:
o You have more than one qualify child and you earned smaller quantity than $37,783 ($39,783 if married filing jointly),
o You hold one qualifying child and you earn less than $33,241 ($35,241 if married file jointly), or
o You do not have a qualify child and you earned smaller amount than $12,590 ($14,590 if married filing jointly).
Your in synch gross income also must be less than the amount contained by the above list that applies to you.
I hold a import tax interrogate (regarding my flex account) and obligation some proposal please?
I admit that I plummet into the "ignorance is not an excuse" category...but I have an issue that wants to be addressed. FYI, this is the first (and only) time I will ever do this.I worked for a company backbone last year and took subdivision in a flex details program (dependant care) for my child. My paycheck was deduct a certain amount (figured for the maximum of $5000 a year). Anyway I moved out that company at the end of February 2007. Several months subsequent I got a statement contained by the mail from my flex details provider (the exact same one from the company I worked at until Feb of last year) stating that I enjoy nearly 2300 left contained by the account. I figure at the time my previous company continued to fund this flex account for me. So I submitted my daycare bills and I received the check within the mail as usual. I simply deposited that money into my funds account, and vitally forgot about it until a month ago (when I started unloading all my W-2's contained by the mail). ----more to follow
Answers: Because you are participating in a Section 125 (being paragraph 125 of the IRS code plan)..your employer most CERTAINLY, has to rectify the situation, as they ARE the plan administrator, regardless of who "holds" your monies..depending upon the contract beside your former employer. Because this is a delicate situation on behalf of your employer and export tax ramifications to you, I suggest seeking out CPA council.NOT H & R Block, but a true CPA, that have IRS auditing and flex experience.
Honesty is not foolish. Sadly these days, anyone honest can be a headache, but it is what we honest people do.
Anyway, what I would do 1st is christen my local Legal Aid office, surrounded by case your former company tries to screw you for interest or something, to see what they right to be heard.
Next, make sure you own the name and number of who you spoke to at your antiquated company and at the business that handles the flex accounts. Get something within writing from the business that handles the flex accounts. If you hold to call your frail company again, tell them your excise guy wanted a contact number (not really dishonest - you are your toll guy!). Then contact the IRS help strip for their take on the situation.
Make sure you have multiple copies of adjectives documents, as well as name, telnums, faxnums, real world and email address for everyone you speak to, with the date and times.
Lastly, if you hold the money, put it aside in a seperate description.
Good luck!
My Girlfriend made $14,000 and has two dependents. Around how much would she get back on her returns?
Answers: Go to the H&R Block calculator, input your data and get a good estimate of your taxes and refund:
http://www.hrblock.com/taxes/tax_calcula...
She should get back a little more than $5000 plus her Federal with held tax. For the State; her withheld income tax.