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Refundtalk replied to the topic My child was born and only lived 40 minutes? in the forum Earned Income Tax Credit (EITC) 7 years, 2 months ago
Yes, if you meet the requirements, you may claim:
1. The Earned Income Credit
Generally, a child must live with you in the United States for more than half of the tax year to be a qualifying child. You may treat a child who was born alive or died in 2016 as having lived with you for more than half of 2016 if your main home was the child’s m…[Read more]
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tara berks started the topic My child was born and only lived 40 minutes? in the forum Earned Income Tax Credit (EITC) 7 years, 2 months ago
My child was born and only lived 40 minutes. Can this child be my qualifying child for the earned income credit and the child tax credit?
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Refundtalk replied to the topic Is child support considered earned income for earned income credit? in the forum Earned Income Tax Credit (EITC) 7 years, 2 months ago
No, for purposes of calculating the earned income credit, child support isn’t considered earned income.
Examples of items that aren’t earned income include interest and dividends, pensions and annuities, social security and railroad retirement benefits (including disability benefits), alimony and child support, welfare benefits, workers’…[Read more]
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tara berks started the topic Is child support considered earned income for earned income credit? in the forum Earned Income Tax Credit (EITC) 7 years, 2 months ago
Is child support considered earned income when calculating the earned income credit?
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Refundtalk replied to the topic Can I claim the earned income credit on Form 1040EZ? in the forum Earned Income Tax Credit (EITC) 7 years, 2 months ago
Yes, you can use Form 1040EZ, Income Tax Return for Single and Joint Filers With No Dependents, to claim the earned income credit (EIC), provided you don’t have a qualifying child and your investment income is $3,400 or less (for 2016). Your investment income is the total amount of interest from line 2 of Form 1040EZ and any tax-exempt…[Read more]
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tara berks started the topic Can I claim the earned income credit on Form 1040EZ? in the forum Earned Income Tax Credit (EITC) 7 years, 2 months ago
Can I claim the earned income credit on Form 1040EZ?
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tara berks joined the group Earned Income Tax Credit (EITC) 7 years, 2 months ago
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Refundtalk replied to the topic Is Social Security Taxed? in the forum FAQ’s 7 years, 2 months ago
Social security benefits include monthly retirement, survivor and disability benefits. They don’t include supplemental security income (SSI) payments, which aren’t taxable. The net amount of social security benefits that you receive from the Social Security Administration is reported in Box 5 of Form SSA-1099, Social Security Benefit Statement,…[Read more]
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tara berks started the topic Is Social Security Taxed? in the forum FAQ’s 7 years, 2 months ago
Is Social Security Taxed?
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Refundtalk replied to the topic How do I know if I have to file quarterly individual estimated tax payments? in the forum FAQ’s 7 years, 2 months ago
You must make estimated tax payments for the current tax year if both of the following apply:
You expect to owe at least $1,000 in tax for the current tax year after subtracting your withholding and refundable credits.
You expect your withholding and refundable credits to be less than the smaller of:
90% of the tax to be shown on your current…[Read more] -
tara berks started the topic How do I know if I have to file quarterly individual estimated tax payments? in the forum FAQ’s 7 years, 2 months ago
How do I know if I have to file quarterly individual estimated tax payments?
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Refundtalk replied to the topic What is a split refund? in the forum Refunds 7 years, 2 months ago
A split refund lets you divide your refund, in any proportion you want, and direct deposit the funds into up to three different accounts with U.S. financial institutions. Use Form 8888, Allocation of Refund (Including Savings Bond Purchases), to request to have your refund split or to use part or all of your refund to buy up to $5,000 in paper or…[Read more]
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tara berks started the topic What is a split refund? in the forum Refunds 7 years, 2 months ago
What is a split refund?
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Refundtalk replied to the topic What should I do if I made a mistake on my return? in the forum FAQ’s 7 years, 2 months ago
It depends on the type of mistake you made:
Many mathematical errors are caught during the processing of the tax return and corrected by the IRS, so you may not need to correct these mistakes.
If you didn’t claim the correct filing status or you need to change your income, deductions, or credits, you should file an amended or corrected return…[Read more] -
tara berks started the topic What should I do if I made a mistake on my return? in the forum General Discussion 7 years, 2 months ago
What should I do if I made a mistake on my federal return that I’ve already filed?
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Refundtalk replied to the topic Head of household filing status in the forum Dependents 7 years, 2 months ago
Generally, to qualify for head of household, you must have a qualifying child or dependent. However, a custodial parent may be able to claim head of household filing status with a qualifying child even if he or she released a claim to exemption for the child. See Noncustodial parent is claiming an exemption for my child; do I still qualify as head…[Read more]
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tara berks started the topic Head of household filing status in the forum Dependents 7 years, 2 months ago
To qualify for head of household filing status, do I have to claim my child as a dependent?
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Refundtalk replied to the topic Can I receive a tax refund if I owe for a prior year's federal taxes? in the forum Past Due/Back Taxes 7 years, 2 months ago
No, one of the conditions of your installment agreement is that any refund due to you, the IRS will automatically apply against taxes you owe. Because your refund isn’t applied toward your regular monthly payment, continue making your installment agreement payments as scheduled until you pay your liability, including accrued penalties and…[Read more]
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tara berks started the topic Can I receive a tax refund if I owe for a prior year's federal taxes? in the forum Past Due/Back Taxes 7 years, 2 months ago
Can I receive a tax refund if I owe for a prior year’s federal taxes since I am currently making payments under an installment agreement or payment plan?
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Refundtalk replied to the topic College student as a dependent question? in the forum Dependents 7 years, 2 months ago
If you can claim an exemption for your daughter as a dependent on your income tax return, she can’t claim her own personal exemption on her income tax return. Your daughter should check the box on her return indicating that someone else can claim her as a dependent.
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