The Irs refund hotline said i would have my refund by feb12. Could i end up getting it earlier?
Answers: Based on past experience I always get my money before the day they say,but only by a few days.That is if you are getting it by direct deposit.
if you did a direct deposit, it should be in your bank account on the friday before- but depending on your bank it could take until the 12th to post
1098-T toll cross-examine.?
I am 24 and living with parents while going to college.I don't work so I don't database taxes.
I recently received a form 1098-T contained by the mail.
My parents will be file their taxes soon. Do I give this form to my parents when they record their taxes? Or can it only be used when I wallet my own taxes?
Under box 2, "amounts billed for qualified tuition and related expenses" is $780. When I took the course, I received about $450 within financial aid for the course and I paid the remaining
harmonize with my own money.
Answers: If you are a dependent of your parents, after they can claim an education credit for your tuition and fees.
You are too weak to be claimed as a qualifying child, but they can probably claim you as a qualify relative if they are supporting you.
If your parents claim you and they paid the tuition they can appropriate the education credit. If you salaried the difference between the financial aid and the balance due they cannot claim the credit unless they give you the money to pay it. You voice you don't work, where did the money you compensated the tuition with come from?
Is there a formula for determining federal tax on Social Security income?
Answers: To find out if any of your Social Security benefits are taxable, fill out the worksheet on page 78 of IRS Publication 17.
http://www.irs.gov/pub/irs-pdf/p17.pdf
Yes there is. There's a worksheet to calculate it - it's in several IRS publications. One place is page 25 of the instructions for form 1040 - download at irs.gov