 Who can legally claim my sisters kids? |
| ok, this is the situation, my sister has lived at my parents for the past 2 years WITH her 2 children, she doesnt work, she is still married but her and her husband dont live togehter. he basically ... |
|
 My Mother got her stimulus chech on saturday.? |
It was a total of 600.00 her last to of her ss# is 07 so checks are coming. Has anyone else gotten theres already? I am expecting mine soon cause the last 2 of mine are 11.
Additional Details
|
|
 If my gross pay pa is £35000 (UK) and my personal allowance is £6000, will I have to pay 40% income tax? |
| The HM Revenue site states 40% tax on income of over £34,800, but it is not clear if this is nett of personal allowance. Thus if my pa is £6000 my taxable pay is £29000, or does it mean 40% is ... |
|
 I dont understand why I'm only receiving $600 in my stimulus? |
| I made about $5,000 last year and I am a student with a child. I just received my stimulus information and it states I only am receiving $600 dollars. Shouldn't I be receiving $900 since I have ... |
|
 Inland reveue sent bill for £7000 but im not self-employed? |
| My husband got a bill from the inland revenue as he has a cis card but has never used it as he works from a company and pays tax and ni through is wages. What sould he do about the letter. they have ... |
|
 Can I claim my daughter, who lives with me, she has earned 2600.00? |
Additional Details
she is 20, and a part time student, and she already filed.... |
|
 I still haven't received my federal tax refund, what does this mean? |
I filed a couple weeks before the due date in april, I haven't received any response or my refund. What gives??? They would have let me know if there was a problem, correct?
Additional D... |
|
 Can my parents claim me as dependent? |
| im 25 was a student in college during 2007 lived with them can they claim me or should i claim myself on my returns? i made less than 3000 on 2007... |
|
 If I Inherited a house (paid $0 for it), and sold it 20yrs later for $15M, what will I pay in taxes?Fed/NY/NYC |
The house has been in my family for two generations (I don't know if that makes a difference).
Any guidance would be greatly appreciated, and if I missed any "key info" ... |
|
 WHY does my mother have to pay tax on my late father's pension? |
| when he was alive he worked 42 years with British Gas and paid all his taxes, my mother is in fact getting taxed on money my father had already been taxed on. and why does my ex wife pay no tax on ... |
|
 I cashed out on a small 401K from a diffrent employer and all I got was a check 1700.. Out of 5400 in.. Why? |
| I worked in a small company a few years ago and I had a 401K plan that I forgot about. I decided to cash out since I am well with my company that I am at now. I had 5400 in my 401K and I received a ... |
|
 HELP PLEASE! WHY did my husband and I only get 600 dollars for our tax rebate/stimulus?? |
| We were both self employed in 2007 and paid several thousand in taxes. We got our rebate check yesterday FINALLY and it was only for 600 dollars for the both of us. EVERYONE else we know got 1200 per ... |
|
|  |
Angelus | Can I take Childs Tuition off my taxes? |
My son goes to a private school and I was wondering if the education is tax deductable. Its a Catholic School. I know college can be deducted....
Additional Details
He is in Preschool right now |
 |
 
TaxMan
 |
According to Pub 503, "Expenses for a child in nursery school, pre-school, or similar programs for children below the level of kindergarten are expenses for care." So, this year, you may be able to write off the expense as a "Child Care Credit" on your tax return. You (and your spouse if married) have to be working or looking for work or attending college while your child is in preschool in order to qualify. Once your child starts to attend kindergarten, there are no tax write-offs for the next 13 years. When your child starts his/her post-secondary education (college, trade school, etc.), then other credits and deductions kick in (assuming congress doesn't change them in the next 13 years).
If you are a good reader, please read through Publication 503 (attached to the link below) to see if you can take the credit. If you are still confused, you may want to talk to your tax preparer or, if you use software, read the instructions carefully.
For Nebraska, you can get the credit if you are a full or partial-year resident. It can not be claimed if you are a nonresident or if you filed a federal joint return, but a married-separate return for Nebraska.
For individuals reporting federal AGI not greater than $22,000, the credit is refundable and is 100% of the federal credit. For individuals reporting federal AGI over $22,000 but not more than $29,000, the credit is refundable and the amount of the credit ranges from 90% to 30% of the federal credit. The percentage of the federal credit is reduced by 10% for each $1,000 of AGI over $22,000.
For individuals with AGI in excess of $29,000, the credit is nonrefundable and is limited to 25% of the federal credit allowed. |
|
tma
|
Tuition can be deducted for higher education (post-secondary schools). since your son is in preschool, this is more like child care. If you paid for the care for a qualifying individual so you (and your spouse if you are married) could work, you may be able to claim the credit for child and dependent care expenses.
ive attached a link with more information.
you would attach Form 2441 to your federal tax return. |
|
monkiegirl37
|
i'm from canada and tuition fees (for children and adults) are tax deductible.
check out your state's tax rules. a revenue/tax gov't website will have this information spelled out. |
|
N0_white_flag
 |
My husband and I put our 2 daughters through catholic school K-12. Never were able to deduct on the federal taxes...Lotta $$$$! Good luck! Hope the laws change for you and your family. |
|
Julie
 |
Only for classes prior to first grade (as a child care credit if you work). And again as a deduction or credit when they go to college. |
|
misterlyle
|
depends on what state you live in, check your local laws |
|
SuzeY
|
There aren't any deductions available on the federal return for preschool tuition. If a portion of your son's preschool fees are for daycare, that portion can be used as an expense on Form 2441 (Child Care Credit), assuming that you have your child in day care so you can be employed. If in fact a portion of your fees are considered as childcare, you should receive a statement from the facility stating which portion is tuition and which is daycare.
BTW, my kids are in Catholic school, too, and there aren't any deductions available at the federal level for either tuition, day care or charitable contribution. |
|
Overtaxed
|
No. |
|
Nnamsco
|
yes it is deductible, but you will not be the one to deduct it. it is the school that will pay that. you do not pay tax on your childs education, infact it is an allowance given to you. It is important for you to know that expences are not deducted but income. so taxes are paid by earners, so the end receiver of your childs school fees (the school) should pay the tax. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 11 minutes(s) ago
| | | |
9 | 22 minutes(s) ago
| | | |
9 | 49 minutes(s) ago
| | | |
9 | 57 minutes(s) ago
| | | |
9 | 1 hour(s) ago
| | | |
9 | 4 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
9 | 6 day(s) ago
| | | |
9 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
