What is the Dependent Care Tax Credit?
When you are a working taxpayer and have dependents that require care while you are working, you can take a tax credit called the Child and Dependent Care Tax Credit, to help offset the expenses. The dependent can be a child under the age of 13 or a spouse that requires care due to physical or mental limitations.
You can also claim the tax credit when you are looking for work. This is considered the same as working for this tax credit. Full time students are considered to have earned income while … Read more at 2009 Taxes
By Steve
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Posted in tax credits, tax deductions, tax forms, Tax Law, Tax Preparation
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Also tagged child and dependent care, dependent, earned income, full time students, irs, irs publication 503, spouse, tax credit
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Tax Assistance from the IRS
The IRS is the sponsor of two volunteer programs to assist in the preparation of their taxes. The Volunteer Income Tax Assistance Program is for taxpayers that earn less than $49,000 a year. While the Tax Counseling for the Elderly Program is designed to help anyone over the age of 59. The programs provide volunteers who are specially trained to help these two groups. The volunteers want to make sure tax payers are filing their returns with the correct tax credits like the Earned Income Tax Credit and the Credit for the Elderly.
In … Read more at 2009 Taxes
By Steve
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Posted in tax assistance, tax credits, tax forms, Tax Law, Tax Preparation, tax returns
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Also tagged aarp, child tax credit, combat zone tax credit, credit for the elderly, earned income credit, military, tax assistance, tax-aid, tax-aid centers, Volunteer Income Tax Assistance, volunteers
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September 29, 2009 – 1:29 pm
2 Good Reasons to Trust TurboTax This Year
It is estimated that 3 out of every 4 returns filed has a computing or typographical error that can end up costing you hundreds if not thousands of dollars down the road. TurboTax proofs all your tax information so you can make sure that everything you enter is accurate avoiding legal ramifications down the road and earning you the refund you deserve. As an added bonus, TurboTax regularly updates all the new tax laws that affect the tax credits you may be entitled to under the law.
By Steve
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Posted in Tax Preparation, TurboTax
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Also tagged accurate, easy way, efile, filing, income tax, new tax laws, refund, tax information, tax return, the refund you deserve, turbo tax, turbo tax 2009, Turbo Tax This Year, TurboTax
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August 24, 2009 – 11:25 am
The Benefits to Using TurboTax
Regardless of whether you are a small business owner or an individual, there is no reason to try and figure out your taxes alone. It is estimated that 3 out of every 5 individuals who file their taxes without assistance are missing out on monetary returns that are owed to them by the government. TurboTax is the perfect combination of autonomy when filing taxes while gaining the valuable insights of a tax service. TurboTax is especially designed to enable filers to not miss out on tax credits that may be new or not known … Read more at 2009 Taxes
By Steve
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Posted in Tax Preparation, TurboTax
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Also tagged Accounting, file taxes, Internal Revenue Service, Mortgage loan, small business owner, tax, tax credit, Taxation, turbo tax, TurboTax, United States
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Do You Need to File a Tax Return?
Most American citizens need to file a tax return but there are some individuals due to age, filing status and income that are not required to do so. An example is a married couple filing jointly that earned less than $17,900 during 2008. The exception to the rule is if one of the individuals is self employed. Self employed individuals always need to file a return if they earned over $400 for the tax year.
Choose to File
If you contact a tax specialist or call the IRS and determine that … Read more at 2009 Taxes
