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Would your husbands income credit score debt be taken in consideration if you want to buy home on your own?
KameliyaDiliyanovaDy...
If you wanna buy a home and you are married by your spouse has a bad credit history and some debt issues and its also self employed can the other spouse get a loan on its own without the bank taking in consideration his income or credit issues? Can the wife get the loan only on her name and buy the property only on her name. State WI
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∙ 11y ago
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Can i use my husbands credit card if my name is not on the card?
Absolutely NOT !... If you do - you would be committing fraud !
What is eic?
eic would probably be referring to the EARNED INCOME TAX CREDIT (EITC) Go to the IRS gov website and use the search box for Earned Income Tax Credit (EITC) The Earned Income Tax Credit or the EITC is a refundable federal income tax credit for low to moderate income working individuals and families.
If you apply for a mortgage loan can you put your husbands income on the application also even if he is not applying for the loan with you?
You can use income that is at your disposal. If you will have access to your husband's income as a household income for this mortgage then yes you can. If you are separated and he will not be living in the house then the answer would be no.
What is a good credit limit for a credit card?
One that you can comfortably service. Obviously it would differ according to your disposable income.
With fair credit but income of 130k per year for one person with a spouse that has good credit with 36k per year would a mortgage be approved?
You would definitely be able to get a mortgage. The specifics of your credit history would determine the amount of interest you would be charged.
Is interest income is debit or credit?
Interest income would be a credit entry, as it increases a form of revenue. If the interest income is received in cash, the entry would be: Dr Cash Cr Interest income If the income was not yet received but will be at a later date, the entry would be: Dr Interest receivable Cr Interest income In either case, the Interest income account would be credited.
Who is eligible for the earned income tax credit?
If you had miscellaneous income from working for an individual and received a 1099misc form would this income qualify for the earned income credit??
Can i use my husbands credit card if my name is not on the card?
Absolutely NOT !... If you do - you would be committing fraud !
Does other financial resources affect child support amounts?
It depends, if you have a trust fund that gives you money every month, yeah, that would count. If you have a credit card with a million dollar limit, no that doesn't count. Rental property income would. Any taxable income is a consideration.
Can you receive tax refund if you have no income?
no you may not If you have no earned income, you would not qualify for the earned income credit.
What is income potential?
Income potential is the projected income of a given career over time. This projection would take into consideration normal raises and expected promotions.
What is eic?
eic would probably be referring to the EARNED INCOME TAX CREDIT (EITC) Go to the IRS gov website and use the search box for Earned Income Tax Credit (EITC) The Earned Income Tax Credit or the EITC is a refundable federal income tax credit for low to moderate income working individuals and families.
Are credit card discounts reported as operating expenses on an income statement?
a credit card discount would be a credit, not an expense.
If you apply for a mortgage loan can you put your husbands income on the application also even if he is not applying for the loan with you?
You can use income that is at your disposal. If you will have access to your husband's income as a household income for this mortgage then yes you can. If you are separated and he will not be living in the house then the answer would be no.
Can you claim eic if you do not claim income?
No. You must report income to receive the Earned Income Credit. You must file a tax return to receive the credit, even if you otherwise would not have to. Any amount of the credit over the amount of taxes you owe will be refunded to you.
How do i apply for earned income credit if I am self employed?
Self-employment income is earned income. If you meet all the requirements of the requirements for the earned income credit, you would claim it on your tax return. For more information, go to irs.gov website and type this in the search box: "Do I qualify for earned income credit." This will give you information about all the qualifications.
How much taxable income do you have to make to get the earned incomecredit return?
When you qualify for the earned income tax credit and you have the qualified taxable earned income of 1 to 50 you can get 2 of earned income tax credit. And it also possible that could qualify for some of the making work pay tax credit. This would only happen when your income tax return is completely correctly.
