 Single mom, 2 kids, $12/hour, how much taxes taken out of each check? |
| I need to know if this job would be worth taking. The job is an hour away. I figured in all bills, groceries, estimate on gas money, and cigarettes to be $1,817/month not counting ANY spending money. ... |
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 Has ANYONE received there rebate money? |
Additional Details
i'm due to get mine on may 9th and just wondering if i really will through direct diposit.... |
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 I can't afford my income taxes? |
| I normally get a refund of about $800 every year from the government. This year, I made only about $1,000 more than I did the previous year and for some reason, I owe over $2,000 this year!!! I have ... |
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 Whats the worst that could happen of i lie on my tax return? |
whats the worst that could happen to me if i take school deductions and exemptions on this years return if i really wasnt in school?
ive gotten away with it once but im scared to death to try it ... |
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 How long should i keep my payslips and P60's? |
| i have payslips and P60's from as far back as 1996 and i'm wondering if there is a point when you can shred them safely without the inland revenue coming after you?... |
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 Does anyone know how to figure how much tax I need to pay as an independent contractor? |
| I recently booked a few modeling jobs as an independent contractor and I have never done this before. Is there any easy way to figure how much I owe on the money I made? I just wanted to be sure I ... |
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 Can I get unemployment if I quit my job? |
| I worked with a company for 6 or 7 years. I had an excellent relationship with all my supervisor and co-workers. I moved to another state and the commute was on average an hour and a half (sometimes 2... |
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 I have a fee of 94.50 what's that with tax? |
also 39.99....
Additional Details
i live in NYC... |
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| I just received, via direct deposit, my stimulus rebate from the IRS. Why was it bigger than expected? |
I am a single person with NO dependents.
I was expecting $600.
I received $900.
What's the situation here?... |
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 Its been a month and I still have not received my federal return? |
| I mailed out my state and federal returns on 3/20/07, about 2 weeks ago recieved my check from the state, but not from the federal government. Today my brother, who mailed his reuturn, about a week ... |
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 Importing common sense to the States-Is it duty exempt? |
| As there seems to be a massive shortage of this at present it seems like a real niche market is there. I know most of the world would like to see Americans buy some, so as the demand would be really ... |
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 How many of you know that Americans don't have to fial a 1040? It's unconstitutional.? |
It's true. If it's the first time you've heard of this, look it up. If you've already heard of it, look it up some more.
Additional Details
For the first few of few ... |
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 As a 75 year old, should I put myself down? |
| Although I am paying income tax on my pensions, would it not be loyal of me to put myself down before I start to cost the N.H.S. money? At present I work out three times a week at the gym to try ... |
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 Do we need another round of tax stimulus payments ? |
If you get another stimulus check, what would you spend it on ?
Bills
Luxuries
Savings
... |
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 I Received this e-mail:" UK NATIONAL LOTTERY WINNING NOTIFICATION " Do you verify it ? |
Batch No: WD18/0065/04RN
Our Ref: UKNL/255457004/06
Our Ref: UK-NL/0627/06
Mrs.Monica Sokolov.
Promotions Manager
International Lottery D... |
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 Claiming benefits in the UK? |
| friends of mine have recently returned to the uk following living and working in italy for the past 18 years ( they were born in the uk) marc has tried to claim benefits but has been told he is not ... |
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 Do we pay to much tax in the UK? |
I’ve been trying to work out how much money I actually give to Mr Brown per year and I’ve worked out I pay the following in tax a year:
£4505 income tax
£2052 National ... |
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 Is there a way to pay less income tax? |
| I make over $130,000 a year. My accountant just notified that I will need to pay over $20,000 in income tax. I am a strong believer in saving money, and therefore don't spend that much money (I ... |
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 Marital status on taxes when dating? |
| If someone is dating or engaged during the time they are filing taxes do they still file as single since they are not married yet?... |
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GiGi | Can I claim all my children if I have custody 55% of the time? |
I was told by a friend if I have custody of my children any amount over 50%, I can claim all of them on my taxes because I would be head of household. Is this true? No child support is in the order. |
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Dont touch that dial
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1. Check your divorce decree and w/your attorney to verify what, if anything, is stipulated regarding tax matters.
2. Verify/determine your tax situation w/the irs by
contacting several DIFFERENT irs employees
or
engage the services of a KNOWLEDGEABLE tax adviser.
Why several different contacts w/the service?
The irs does NOT have a good track record in answering questions correctly... and you are responsible for their errors unless you have the answers in writing.
If you are a do-it-yourselfer irs Publication 501 is a good place to start.
http://www.irs.gov/publications/p501/ar02.html#d0e3075
"Qualifying Child
There are five tests that must be met for a child to be your qualifying child. The five tests are:
1. Relationship,
2. Age,
3. Residency,
4. Support, and
5. Special test for qualifying child of more than one person."
One section of possible interest in your situation is:
"If you and the other person(s) cannot agree on who will claim the child and more than one person files a return claiming the same child, the IRS will disallow all but one of the claims using the tie-breaker rule in Table 6."
Having been there, done that,
(a recipient of an annual Form 8332 due to a poorly written divorce decree/child custody order)
hopes of good luck go out to you... |
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Susan W
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Your friend is right. If you have custody of them and they are with you over half the year and no child support then you have all legal right to claim them. |
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?
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If you have more than 50% of the custody you have every legal right to claim them. But in most custody agreements there is something in there that states who gets to claim them. Check your agreement and make sure there isn't then feel free to claim them. |
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quantumrift
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Interesting that you bring this question up as I have a friend going thru the same thing. CALL THE IRS and they can advise you. However, IF you are the custodial parent and IF the kids live with you more than 50% of the time, and IF your divorce decree does not spell out who can claim, then you can claim them.
Say, if you divorced LAST year, say on 01 OCT (that means you were married for 9 months or 3/4 of the year, and the kid(s) then lived with you for the last three months, you STILL win because your kid(s) lived with you most of the time.
CALL THE IRS. |
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Jadzias
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Yes most people claim the children every other year to avoid a fight. Or claim half and half. |
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Judy1
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If they actually physically live with you for over half the year, yes you can claim them as dependents. If you provide over half the cost of maintaining a household for them for the year, you can file as head of household. |
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rhsaunders
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Yes, as long as the other parent does not claim them. |
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plushy_bear
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The parent with primary residential or sole custody will have all of the tax benefits available through the children.
Please check with your tax advisor! This is too important to just assume!
Good luck to you! |
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jo
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If you are supporting them thn you should be able to but guess what ask a tax professional to be sure. |
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D&ECouture
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I don't know that's iffy only one of you can claim the children that is for sure but if you have more then one... one could claim one while the other claims the other
I mean honestly 55 percent of the time that's what 2 weeks longer a year then the other do you think it's fair you get all the tax breaks ??? |
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taxreff
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In general, the parent with whom the children live most of the year will get the exemptions. They probably (but not certainly) meet the definition of qualifying children.
Whether you can file as HOH is another matter, and a good deal of information about your current living circumstances would be needed. |
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♥Pungent♥ ♥O'dare♥
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Being able to claim a dependent on a tax return is tied to a number of related tax benefits. Taxpayers who claim dependents can claim an additional personal exemption for each dependent. Also, taxpayers may be eligible to claim the child tax credit, the child and dependent care tax credit, and the earned income tax credit. Unmarried taxpayers who support a dependent may be eligible to file as head of household.
With all these tax benefits tied to claiming a dependent, it is important to make sure that you really can claim the dependent on your tax return.
Basically, you can claim a dependent if the person meets one of two criteria:
qualifying child or qualifying relative
And here, briefly, are some guidelines to help you out. First, the qualifying child rules always take precedence over the qualifying relative rules. So if someone can claim a dependent using the qualifying child rules, then no one else can claim the same dependent using the qualifying relative rules.
Secondly, both sets of rules are designed to award the dependent to one and only taxpayer. For example, under the qualifying child rules, the child must live with you for more than half the year. Under the qualifying relative rules, the taxpayer must provide more than half of the dependent's total support. While a bit complicated, these rules are designed to eliminate confusion over who gets to claim the dependent.
Thirdly, the IRS will always audit tax returns where two or more taxpayers attempt to claim the same dependent. Only one taxpayer will win. The taxpayer who loses might also lose the related tax breaks such as child tax credit, earned income credit, or Head of Household filing status. What that means, is that the taxpayer who loses the IRS audit will have to pay additional taxes, plus penalties and interest. That makes dependent audits one of the most expensive audits that a taxpayer can endure.
To protect yourself, you should make sure that you can claim the dependents. You should gather any documents that would support your claim. It would also be advisable to get a written agreement with an ex-spouse detailing who gets to claim the dependents and for which years. |
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sweetpea082303
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Usually it will state in the Custody order who is to claim the child(ren) for taxes. In most cases it alternates each year. For example you will have this year and next year the father will and so on and so forth. Or if there's an even number of children have one parent claim 1/2 of the children and the other parent claim the other. You should speak with the father and see what their opinion is and if he is adimit about claiming then I would suggest looking at your custody order, or divorce decree (if applicable to you) and talking to your attorney. |
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Private I
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It depends on whether a court order is in effect and how it is written. If you defy the order, you could be in for a seriously difficult time...Check your laws in your own state since every one is different...My Best to You |
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Sal D
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You can if no one else can or will claim them on taxes. Also the children have to be under 23 and lived with you for more than 6 months along with you claiming head of household. If they do not meet that criteria, you cannot claim them. Also, you may be able to claim an Earned Income Credit depending on your salary. http://www.irs.gov/pub/irs-pdf/f1040sei.pdf.
There is also Dependent Care Expenses: http://www.irs.gov/pub/irs-pdf/f2441.pdf. |
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