Tax credit?
My sister got dissability and 2 children live beside her (she is separate with ex) So,can she gain tax credit final? ThanksAnswers: You need earn income of at least $3000 to bring the minimum rebate of $300.
While the rebate depends on your 2007 income, it is actually a rebate toward your 2008 taxes. According to the proposed plan, within 2008, taxes would be cut from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.
It's close to a one time tax cut for 2008, but you go and get the rebate now instead of waiting to database your 2008 taxes. Because this is an advance expenditure on your 2008 taxes, your refund subsequent year could be more (or less!) depending on your 2008 income.
not adequate info.. if she made at least 3,000 ultimate year and paid taxes after she will get some of it hindmost.
If you have a judgment for a loan does the government deduct it from your refund?
Answers: I asked a similar question and ... hope it helps!
Can entities other than the government intercept your refund?
I know state and federal government agencies can intercept refunds for their own agency (taxation) or other government agencies, such as federal taxes intercepted for state child support, etc. But can refunds be intercepted by say a mortgage co. or other creditor? My friend lost her house last year and coincidentally so did her own cousin. Her cousin's federal refund was intercepted last week, according to him, by this mortgage co. or an agency operating on their behalf. My friend is now scared this will also happen to her. I did not know other agencies than the government could do this and think she would have at least been notified by mail of the possibility. She obviously has moved, since she lost her house, and is concerned that if they did attempt to notify her it was not forwarded. Any insight about this?
Best Answer - Chosen by Asker
Your friends cousin is blowing hot air. I won't say that his refund wasn't captured, but I will say that it wasn't for his mortgage company.
Tax refunds are not captured for private and commercial debts. Only for government debts, back child support, and student loans in default.
What may have happened is that if he had a deficiency judgment against him that included a seizure order on his bank account, the tax refund would be fair game once it was deposited in to his account. But that is not the same as direct capture of a tax refund by FMS.
Yes they will but it just depends upon the type of loan. For about 98% of most loans, they will not. Thanks!
Can I file married/seperate & claim stepson to avoid husbands taxes from being intercepted?(child support)?
Answers: Yes. Or file as married jointly with the injured spouse form included. This would allow you to get your portion of the refund and his to pay towards debt that is owed.
MFS is okay, but realize:
a) the debt is still out there and needs to be paid.
b) filing MFS has limited credits/deductions.
c) if you live in a community property state, you still must include 1/2 of your husband's income on the return.
Whose son is it? If it's yours, you'd file HOH, not MFS. However, the IRS would frown on that filing status if you are actually married.
Filing MFS would deny you certain credits, including the earned income credit.
The best answer, already given, is to file as an injured/innocent spouse. I'm not sure which and I always get the two confused. Search it at www.irs.gov.
Since the child lives with the father, the father and his wife would normally claim the child on a joint return. If they file seaprate returns, the wife CAN claim your son on her separate return as a step child is treated the same as a natural child for tax purposes.
I just re-read your additional details and am correcting my answer. Sit tight for a few, please.
Since he is the breadwinner it really doesn't matter how they file, any refund can be captured. If they file separately he'll be paying much more total tax though he'd not be the first deadbeat parent to do that out of spite -- they'd rather pay Uncle Sam than pay for their own kids. There's nothing that you can do to force that issue either, sorry.
Her claiming the child on a separate return would be irrelevant as she has no taxable income to be offset by the exemption for the child. He'd pay even more tax that way, but again you can't force the issue.
Most self-employed folks don't get a refund anyway, if they know what they're doing. They pay in an amount equal to the prior year's tax liability and make up the difference when they file. That avoids penalties regardless of what they owe. Again, there's nothing that you can do to force the issue. If there is an excess, it's usually applied to the next year's tax liability and therefore isn't subject to capture.
How YOU file your tax return has NO affect on their tax return so it would usually not be in your best interest to file a separate return yourself.
Wow, it seems like no one is understanding what the original poster is asking.
She has an ex husband. Who owes her back child support for their son. The son lived with her ex and his new wife for all of 2007. She is now asking if the ex's new wife can do married filing separately, have ex's new wife claim the son on ex's new wife's return, instead of her ex claiming the son on his return. All in the order to get around her ex getting money coming back that would be consequently confiscated and given to the original poster for back child support.
What I don't understand is if the ex and new wife did MFS, what is she going to have to file? It says that she is unemployed. If she was the entire year, she is not going to have anything to file separately!
The stepmother can not file if she has no income. The ex-husband would be stupid to not claim his child and wife as dependents. If he did, he would owe SO much more.
You will get their refund, if any.
You will get their rebate (the one we're all getting) also.
It does not matter what tax return the child is claimed on, if he owes arrears, as soon as his social shows up in the IRS system, and the Child Support office has told them to intercept, they will.