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How is it to your advantage if you have no income but have a child on your tax returns?
Wiki User
∙ 13y ago
There is no advantage. You pay no taxes and you will not be eligible for any refundable credits.
Wiki User
∙ 13y ago
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Can you file a tax return from past years if you didn't have an income?
Yes you can, but there would be no advantage to doing so. You would not be required to file income tax returns for any year in which you had no income.
How does a person deduct charitable donations on their income tax returns?
A person can deduct charitable donations on their income tax returns by writing a percentage to a charitable organization. Their income tax returns will be reduced when they get it.
What information do you need for child support?
All income sources. along with documentation, such as tax returns. see link below
What are the advantages of income tax?
what are the advantage of incraesing the income tax in uk? or why they increas it?
What is the process for filing income tax returns in Delhi?
Filing your income tax returns in Delhi can be a complicated process, especially if you have multiple sources of income or have made investments. It is recommended to seek the assistance of a professional tax consultant to ensure that you file your returns accurately and on time.
What is the deadline for filing income tax returns in Gurgaon?
Filing your income tax returns in Gurgaon can be a complicated process, especially if you have multiple sources of income or have made investments. It is recommended to seek the assistance of a professional tax consultant to ensure that you file your returns accurately and on time.
Do estates file yearly tax returns?
Yes, they are required to file tax returns. Estates have assets and those assets may be earning income. That income is taxed.
What is the Canada Revenue Agency tax return processing times?
for income tax returns filed before April 15paper returns - four weeksTELEFILE, NETFILE or EFILE returns - two weeksFor income tax returns filed after April 15paper returns - six weeksTELEFILE, NETFILE or EFILE returns - two weeks
How often do you have to file Canadian income tax?
Income tax returns are due by April 30th of each year.
What is the income tax credit for a child?
a credit agency garnished my income tax,is the the child tax credit exempt from the garnishment?
Where can a creditor find a garnishment form for federal income tax returns. How is this done?
To the best of my knowledge, it takes a court order to garnish income tax returns if you are not a government entity.
How many U.S. income tax forms are filed each year?
Millions of individual income tax returns are filed each year. For example, in 2008 the IRS received 156,297,000 individual income tax returns for tax year 2007. In comparison in 2007 the IRS received 140,188,000 individual income tax returns for tax year 2006.For more information on IRS facts and figures, go to www.irs.gov/taxstats.
