0
yes indeed u can I know its crazy and sounds unbelievable but yes its true u can. Pretty much its Uncle Sam saying thank you for surviving the year here's Ur money but u have to have kids in order to do this no kids no money 2000 a kid 4000 for two kids u cant claim more then the two if u have more u do u lose money if u have more then have someone else claim the others and ask 500 a piece for them and they keep the rest.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the difference of income tax and income?
Income is basically everything that you earn, whether by physical exertion, or by investing. Income tax is a tax levied by governments, on the above income less allowable deductions and rebates. Allowable deductions and rebates are worked out by the government levying the income tax. It very quickly gets very involved and complicated.
Define earned income taxes and personal income taxes?
An individual taxpayer using the 1040 federal income tax return earned income worked for income and the related income taxes and the personal income taxes would be the same thing on the 1040 income tax return.
Do you have to file state taxes in a state you do not reside in?
Yes. You must pay income tax to each state in which you worked (assuming that state has a state income tax) and property tax to each state in which you own property.
How do you file taxes if you worked in 2 different states?
One federal 1040 income tax return combining the income from both state on it. Your nonresident or part year resident state tax return and your resident state income tax return filled out correctly and you may get a tax credit on your resident state income tax return if you had to to pay any income tax to the nonresident state if the returns are completed correctly.
What is Before tax income after tax income?
Before tax income is gross income less allowable deductions and rebates = assessable income. After tax income is assessable income less the applicable income tax
What was one action that progressive's took to help poor people?
One action that progressives took to hellp poor people is work for a national income tax.
Can you do your income tax if you worked for four days in the year?
Sure you can file your income tax return.
What was one action that Progressives took to help the poor people?
Worked for a national income tax >apex
Can you receive child tax credit if you did not work?
No. You have to have qualified earned income worked for. Self employment income that you worked for.
What tax form do you use if you only worked during the summer?
Any one of the federal 1040 income tax forms that you qualify to use for your income tax situation.
What was one action that progressives took to help poor prople?
Worked for a national income tax >apex
If you worked in another country do you have to pay income tax?
Yes. A US Citizen or resident alien you are required to report all of your gross worldwide income on your 1040 income tax return.
What is the difference of income tax and income?
Income is basically everything that you earn, whether by physical exertion, or by investing. Income tax is a tax levied by governments, on the above income less allowable deductions and rebates. Allowable deductions and rebates are worked out by the government levying the income tax. It very quickly gets very involved and complicated.
What would the Federal income tax amount be on 1252.00 if you were claiming single one dependent?
If this 1252 is all of your gross worldwide income for the tax year 2009 when you complete your income tax return correctly you will not have any federal income tax liability. You may qualify for a small refund if the 1252 is earned income funds that you worked for.
Define earned income taxes and personal income taxes?
An individual taxpayer using the 1040 federal income tax return earned income worked for income and the related income taxes and the personal income taxes would be the same thing on the 1040 income tax return.
Last year 2008 we gave 20000 to my son as a gift for his education and we claimed in our income tax form he worked part time and he is going to file income tax form so should he claim as a income?
no
Do you have to file state taxes in a state you do not reside in?
Yes. You must pay income tax to each state in which you worked (assuming that state has a state income tax) and property tax to each state in which you own property.
