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What tax credit will reduce the amount of taxes you owe?
Child tax credit
Will the bankruptcy court seize your refund if you had a child tax credit filed in March of 2005 in Mississippi?
AnswerNo, I doubt it. Taxes are different than income. You get the child tax for having kids, and refunds for overpaying on your taxes.....Taxes which you have to pay on income. It isn't like an inheritance or extra profit.
Can I write-off money spent on a daycare program on my taxes?
There is a Child and Dependent Care Tax Credit. It reduces your taxes by providing a tax credit for money spent on day care and child care services.
Do you get a child tax credit on a child that is 17 and still in high school and living at home?
No, when I filed my taxes for my 17 yr old I didn't qualify for Child Tax Credit.
What exactly is a child tax used for?
A child tax credit is used to reimburse a parent for the taxes they have to pay when purchasing goods for their child. You can get more information on the child tax credit from the CRA website.
Can I claim taxes if I only made 1500 and have a child?
Taxes are supposed to be something you pay but in your case the answer is yes. If you have a child that is yours you can receive Earned Income Credit as long as no one has claimed you or your child on their return and if you meet the requirements.
Can child care paid through child support be claimed on taxes?
Yes, if you paid for child care, regardless of where the income comes from, you can claim the Child and Dependent Care Credit.
How can Mexicans get so much money back on taxes?
How do you know how much money Mexicans get back on taxes? Is the question refer to Illegal Mexican workers? If so they are allowed to claim the additional child tax credit for each child.
How old does a child have to be two claim them on taxes?
Kids should not have to pay taxes as long as they are still under the car of an adult. If a teen has been emancipated, then they will be required to pay taxes.
What does federal exemption mean on state taxes?
Federal exemption is the right to claim a qualifying minor for the child tax credit and child exemption against your income. It may also qualify you for the Earned Income Credit and Head of Household status, IF the child lived with you 51% of the year.
Can your wages be garnished in North Carolina for credit card debt?
No, they can only be garnished for taxes, government services and child support arrearages.
Can you pay property taxes with a credit card?
Yes, you can pay your property taxes with a credit card.
