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 My bank says i lose 20% of my ira roth, if i close it before 59 1/2. i thought it was 10 % of the interest?
how can they take 20% of the principal?...


 Stimulus check HELP! Married filing jointly (I am a stay-at-home mom)??
I read that married filing jointly with an income under $150,000 will be eligible for a refund check of $1200.00. My hubby made no where close to this amount. I am a stay at home mom of a 2 yr old ...


 How much does H&R block charge to do your taxes?
Thanks for any ...


 Is it true that foreigners in the US don't have to pay sales tax OR property tax?
If this is true why isn't it a bigger political issue? I own a self storage business and property taxes are our largest expense. If a foreigner could avoid these taxes they would have an ...


 Can my son's father claim him on his taxes?
My son's father wants to claim him as a dependent. He says that since he pays child support (a whopping $300 a month) that he is entitled to, and will take me to court if I don't agree to ...


 The earned income tax credit makes me sick. How can we get rid of this?
It baffles me that just because you don't make a lot of money and happen to have a kid, the government can actually pay you! I can see giving people a break and lowering the taxable percentage ...


 Hello i have one child and will claim head of the household?
how much will i get back on my 2007 taxes and i make 29,000 a ...


 I am 34, full-time student, parent of two kids, what benefits, tax credits, income support etc can I get?
I joined university last Oct and will be finishing my course in summer'08. I had some savings to pay for my fees partially and now I am bit struck with my finances. I have already got Career D...


 When someone says $40k, what does the k mean, I am from Australia?
...


 Is anyone else annoyed that they won't get the economic stimulus check because they are a dependent?
I just checked the IRS site and it said that you are not eligible for any rebate if you can be claimed as a dependent. That means that I don't get a check as a 22 year old college student even ...


 My refund was to be direct deposited today. It has yet to reach my bank.?
What I am wondering is if anyone else was to receive their refund today by direct deposit and if it has made it to your bank yet. Thank you!
Additional Details
IRS wheres my refund says J...


 I have still not received a W-2 from a past employer. They refuse to send a copy.?
I have contacted this employer numerous times regarding this issue and owner has refused to talk to me about it. I have also contacted the IRS and they are going to send a letter to the employer, ...


 Do I have to file taxes if I made less than $10,000.00?
...


 Is your employer supposed to take out federal and state taxes?
I was wondering if your employer is supposed to take out federal and state taxes or if it is optional, I'm pretty sure that they are supposed to by law. I got my pay check on Wednesday and they ...


 Does a high school student working as a cashier need to pay taxes?
Do I need to pay FICA tax (payroll)? Even if I do, should the difference be this big? ~$70 --> ~$58
Additional Details
they are paying me by check and it was actually $74.25 --> $58...


 What is good sofware/website to use to file my taxes?
i'm looking for something free or cheap, and simple. also something that will help me file my state taxes too. what are some good sites?...


 How much people can claim on my tax return?
can i claim my girlfriend, my kid, my niece, and my mom n dad.????...


 Is it illegal to claim dependents during the year on your w2, if youre single with no kids?
I have paid an huge amount of taxes already this year due to a few lump sum payments and i want to maximize my weekly earnings for a couple of months. I have claimed zero for the first six months of ...


 Anyone know about taxes?
I have recently divorced, my ex husband is not the biological father of my 8 year old daughter and he never adopted her. He is wanting to claim my daughter as a dependent when he files his tax return ...


 Are you entitled to jobseekers allowance whilst on holiday?
Will i get paid jobseekers whilst im away im holiday.

I stupidly told the jobcentre that i have a new job that will start 18th august, so could i still expect to be paid.

When i ...



c f
Can i claim my newborn as a dependent?
My wife and I file joint, our son is 5 (was 4 in 2007) and our daughter was born in october 07. is she claimed as a dependent even though she wasn't here for 6 months of the year and so should we claim 3 or 4 on our taxes? thanks
                     
 




Heidi M
Rating
You had the baby just in time. :-) She was born in 07, so you get to claim her in 07.


financialpeas
Rating
As long as she was born anytime in 2007 ... even if she arrived at 11:59 p.m. on New Years Eve!

Congrats and enjoy the extra money!

That would be four deductions... maybe another one or two in the future? Good luck.


ajw
If she was born in that calendar year....even Dec. 31, she can be claimed.


angie r
Rating
yes. any baby born in 2007 is your dependent. claim 4. you, the wife and two kids=4. hope this helps out.


Michaela L
Any child born before the end of a year is a dependent. You can claim 4 people on your form.


Spock (rhp)
Rating
you have 2 children as of 12/31 so that is the number of added exemptions you get.

two for your and your wife, plus two for the kids equals four total.

a child counts as a dependent if s/he is alive on 12/31 and you meet the support tests [which most folk do].


dylansmom25
she could have been born on december 31st and you would still be able to claim her.. so you claim 4


Brian J
Rating
You must provide the SSN of each dependent you claim, regardless of the dependent's age.

A child who was born or died during the year is treated as having lived with you all year if your home was the child's home the entire time he or she was alive during the year.


bzdadwith5
Rating
claim the child but make sure you mark on the return yes when it ask if the child lived with you the entire year or that the child lived with you for more than 6 months


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