Yup . . . and don't forget to file your state return too for sale's tax credits, grocery credits, etc. Adds up to hundreds even if you have a small family!
You have to file a consent order to terminate the income deduction order.
No Yes, you just cannot claim yourself as a deduction.
No. But they can't claim themselves if they file. No. But they can't claim themselves if they file.
You should only itemize if you have some deductions you can claim-are a homeowner for example.
A spouse is never considered a dependent. However, you can claim an exemption for your husband as long as you file a joint return. You also are allowed an exemption deduction for yourself. A spouse is never considered a dependent. However, you can claim an exemption for your husband as long as you file a joint return. You also are allowed an exemption deduction for yourself. A spouse is never considered a dependent. However, you can claim an exemption for your husband as long as you file a joint return. You also are allowed an exemption deduction for yourself.
no
Form 8917 is used to claim a tuition deduction. You can file the form is you have you, a spouse, or dependent has qualifying education expenses.
Probably not, assuming it was your personal residence and not an investment or rental property and you never claimed a home office deduction. But if you get a 1099-S for the sale of the home, you should file a return and list the sale on Schedule D and show your basis to inform the IRS whether you had a profit or a loss on the sale. (They don't know if you don't show them and will presume that 100% of the sale price was a profit unless you file Schedule D.) If the house was a personal use property (you lived in the house), you cannot claim a capital loss. If the house was not a personal use property, then you can claim a capital loss. Even though you might not have any income to offset this year, you should be able to carry over some or all of the loss and it might prove useful in the future. You need to file in order to claim the loss. If you ever claimed depreciation (it was a rental property or you took the home office deduction), then you need to recapture the depreciation. You should file in that case.
Yes you can it just depends what agency you file your taxes with
She would have to file a federal return if she had self-employment income of $400 or more or if she had unearned income (income from a source other than employment or self-employment) of $900 or more. Assuming she is under 65 and not blind, her standard deduction is no more than the amount of her earned income plus $900, but not more than $5450. I noticed a lot of the online tax calculators don't get that right. But be warned that a lot of states have a filing threshold that is much lower than that and you usually have to compute your federal taxes first in order to compute your state taxes even if you don't actually file your federal taxes. A remember that if she had any tax withheld, she needs to file to get a refund even if filing is not required.
Probably not. Generally whether have you to file an income tax return depends upon your filing status and your income. Single age 65 or older is required to file when gross income is at least $10,300 in 2008 ($10,750 in 2009). Whether or not you live with your children, they could claim you as a dependent if your gross income is less than $3,500 in 2008 ($3,650 in 2009).For more information, go to www.irs.gov/formspubs for Publication 501 (Exemptions, Standard Deduction, and Filing Information).
Yes you can--and must if you meet the requirements--file even though your mom claimed you. You will not be able to claim your own personal exemption ($3650 for 2010) but will still get the standard deduction of $5700. If your income is below that amount you may still want to file to get a refund of any Federal or State tax withheld.