Can my girlfriend claim my student loan intrest?
I was wondering if my girlfriend can claim the intrest on my student loan , Instead of me file an amendment to my tax return.She would offer me cash to put together the payment , and I would sort the payments from my bank tale. She can't prove that she gave me the money , so I be wondering if that would be a problem for her for trying to claim the intrest write-off.
Answers: No, it's listed beneath your social security number.
Don't even bother trying. It's only going to cause problems for the both of you.
Can i still profile my taxes below single, even though i get married surrounded by summer of 07 and w-2 info be basically modify
I was married surrounded by the summer of 07 and have purely updated w-2 info at work to reflect this. Can i directory single for the 2007 tax year or do i enjoy to file Married?Answers: I prepare taxes on the side from Jan - April. When I saw your ask I cringed. This question is asked alot by taxpayers but the merely options that you hold is to either directory married filing collectively or married filing seperately. MFJ is the best choice because you gain more income taken off of your taxable income. MFS take away a lot of the credits that you could be eligible for if you file MFJ. Anyone who is married can not file single, if you do and the IRS finds out you can be brought up on charges of perjury. I dont want to alarm you but sometimes you just want to know adjectives of the facts. It is great that you updated your W-2 but that does not correspond to the IRS when filing your taxes. Also, if you hold children MFS takes away profoundly of the credits for children like the Earned Income Credit, Child and Dependent Care Credits, etc.
Good luck beside your taxes!
You should file Married, Filing Separately or Married Filing Joint. If I be you, I do the Married, Filing Separately to claim only your income and any separate deduction allowed.
Married Filing Joint really is only beneficial if your spouse doesn't work.
married and it will accumulate you taxes anyway - the W-4 (not W-2) that you fill out at work newly determines how much tax to withhold - it doesn't force you to profile your tax return impossible to tell apart way
What tax year is to be used for determining tax rebate income limits and does investment income count as incom
Answers: The proposed rebate is based on your 2007 income, including all income from investments or other sources.
However, while the rebate depends on your 2007 income, it is actually a rebate toward your 2008 taxes. According to the proposed plan, in 2008, taxes would be cut from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers. This relief would be available to everyone with adjusted gross income less than $75,000 for singles and $150,000 for married couples filing jointly. It will be phased out for taxpayers above those income thresholds.
Your refund next year could be more (or less!) depending on your 2008 income.
Nothing has passed Congress yet, so all details are subject to change.