Student levy credit 2/11?
My husband and I went to draw from our taxes done a few days ago. We were going to draw from back $2600 but later the lady switched me from a home initiator to a student and said we would be getting back $3900. I go for one semester last year partially time. But, in directive to get the $3900 dollars backbone we have to loaf until after 2/11 to file. Has anyone hear of this before?Answers: yes you stipulation to wait until 2-11-08 for any export tax returns this year that have any Education Credits. This is due to the in arrears tax tenet changes that Congress made on Dec 20, 2007 within relation to AMT. The IRS was competent to adjust all the forms as expected except for 5 of them (Education Credits being one of the 5 forms).
See the connect below for more information about "Alternative Minimum Tax (AMT) – How It Affects Filing Season 2008" from the IRS's network site.
Good luck.
She may have given you the lifetime erudition credit which is a $2,000 credit per return. Did you pay tuition?
Tax examine college...?
Im in college and settled to do my taxes myself. Im doing them through turbo tax online. I enter in information around the Amount billed for qualified tuition and related expenses. Mind you that I haven't paid this put money on yet, with the sole purpose some interest. Well after I entered the amount (3214.00) My compensation shot up about 500 bucks. Is that common? I haven't submitted yet. This is my 2nd year within college and my refund is roughly what it was end year. Just want to make sure everything sounds kosher to someone who know a little surrounded by this field. Thanks!Answers: If you are taking the lifetime erudition credit, you get 20% of the tutition you compensated as a credit, so yours should be about $624 extra. Maybe your taking the Hope Credit (it's for 1st and 2nd year students) but it shouldnt be too different.
Yes, that could be correct. Did you know that sometimes taking the Hope or Lifetime erudition credit is even more beneficial?
SERIOUS INCOME TAX sound out please relief.?
ok so i will be honest here.. I havent filed taxes within 5 years. but for the last 5 years my married boyfriend/ sugardaddy have been supporting me. He have paid for my schooling and we hold a joint guard account and such. I also enjoy 6 credit cards in my term. Do I have to wallet taxes because he was suport ing me? I am confused assist please... oh and please no judging hereAnswers: merely people beside work or investment/business income need record taxes. [plus special cases such as separate maintenance income when the payer get a deduction for it.]
from the facts presented, you do not.
If you don't work or hold other investments, you shouldn't owe anything, or be required to file.