0
What else can I help you with?
Can your spouse claim you as a dependent if you did not work?
No not as a dependent. On the married filing joint income tax return the is an exemption on the 1040 tax form the same as the taxpayer.
Is a claimed dependent an exemption or a deduction?
Both. A taxpayer (the person who can claim the dependent) claims exemptions for themselves and their dependents. Each exemption qualifies them for a deduction. The amount changes each year ($3,700 per exemption for 2011) and a person will multiply the number of exemptions on Form 1040 line 6 by the amount for their total deduction on Form 1040 line 42. The deduction for exemptions reduces their taxable income.
What is the difference between exemption and deduction?
Exemption doesn't form part of total income while deduction form part of a total income.
What is a form IRS Form 1098T?
IRS Form 1098-T is a Tuition Statement information return. Form 1098-T is used by eligible educational institutions, such as a college or university, to report information about their students to the IRS as required by the Taxpayer Relief Act of 1997. The student or person who can claim the student as a dependent may be able to claim an education credit of Form 1040 for the qualified tuition and related expenses that were paid.
How do you claim exemption from withholding for 2010?
You will have to fill out a new W-4 form and get it to the payroll department of your employer. Go to the IRS gov web site and use the search box for W-4
Income tax exemption for a child?
I'm not sure what the question is asking, but I'm going to assume you are asking what qualifies a person to claim the exemption. Simply put, as far as the IRS is concerned, you can claim the child for Federal Income Tax purposes if you had physical custody of the child 51% of the time. That means 183 days. This qualifies you for Earned Income Credit, Head of Household status, Child Tax Credit, and the exemption (which just lowers you claimable income). If you sign your exemption away to a non-custodial parent (you would need form 8332 to do this), you can still take the EIC and the HoH status. The NC would be able to take the Child Tax Credit and the exemption.
Can your spouse claim you as a dependent if you did not work?
No not as a dependent. On the married filing joint income tax return the is an exemption on the 1040 tax form the same as the taxpayer.
Who would be likely to use tax form # 8917?
This form is for Higher Education students to claim tuition and fees. The IRS CAUTIONS that you cannot claim both the education credit (on a different form, 8863) and tuition and fees deduction. On Form 8917--You may be able to take the deduction if you, your spouse, or a dependent you claim on your tax return was a student. This is based on the amount of qualified education expenses you paid for the student in 2009.
Is a claimed dependent an exemption or a deduction?
Both. A taxpayer (the person who can claim the dependent) claims exemptions for themselves and their dependents. Each exemption qualifies them for a deduction. The amount changes each year ($3,700 per exemption for 2011) and a person will multiply the number of exemptions on Form 1040 line 6 by the amount for their total deduction on Form 1040 line 42. The deduction for exemptions reduces their taxable income.
What is the difference between exemption and deduction?
Exemption doesn't form part of total income while deduction form part of a total income.
What is a form IRS Form 1098T?
IRS Form 1098-T is a Tuition Statement information return. Form 1098-T is used by eligible educational institutions, such as a college or university, to report information about their students to the IRS as required by the Taxpayer Relief Act of 1997. The student or person who can claim the student as a dependent may be able to claim an education credit of Form 1040 for the qualified tuition and related expenses that were paid.
What is the purpose of IRS Form 8332 and how does it impact tax filings?
IRS Form 8332 is used to release a parent's claim to a child's dependency exemption for tax purposes. This form allows the noncustodial parent to claim the child as a dependent on their tax return. It impacts tax filings by determining which parent can claim certain tax benefits related to the child, such as the Child Tax Credit or the Earned Income Credit.
How do you claim exemption from withholding for 2010?
You will have to fill out a new W-4 form and get it to the payroll department of your employer. Go to the IRS gov web site and use the search box for W-4
What is an exemption status in form W-4?
451239786
Where can you download a claim form?
Type of claim?
Can a non custodial parent claim children on income taxes?
This could be possible when all of the rules are met for this purpose.You as the non-custodial parent would only be able to claim the children if the custodial parent release the custodial parent claim to the exemption by completing Form 8332 (PDF), Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent, or signing a substantially similar statement.Go to www.irs.gov and use the search box for the blow referenced materialRefer to Publication 501, Exemptions, Standard Deduction, and Filing Information or Publication 504, Divorced or Separated Individuals, for more information on the special rule for children of divorced or separated parents.There was a discussion on this matter recently on Dads House. see link
What is UB92 claim forms?
The UB-92 claim form is used for billing purposes by hospitals and facilities. Physician charges are billed on the CMS1500 form. UB92 claim forms were updated and are now referred to as the UB04 form. It is a paper claim form printed with special OCR paper and OCR ink so scanners are able to read what's printed on them to make processing claims faster. You can purchase these claim forms less expensively online or you may be able to find them locally at Office Supply stores for quite a bit more.
