Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 WIll I be better of working?? I'm on benefits and really want to work but am worried bout rent etc...?
i really really want a job....im on jsa and housing beneifit, but will i be better off if im working?? i'm really worried about how i'll cope with rent etc .......thanks
Additional D...


 What do you say to someone who says there is no law require you to pay income tax?
What law is it that requires it? I don't actually believe that croc, I just want to know the actual law.
Additional Details
An amendmant, is a CHANGE to the constitution. The ...


 My husband and I received our tax bonus. I think it was the wrong amount. What do we do?
We are married and have three children as dependents. We only received 1500.00....


 Overtime taxes?
I'm figuring out my timesheet for the month. I have 9.5 hours of over time that I can claim as time and a half (1.5 OT). I was just curious if The Man taxes more on 1.5 ovetime? If so, would ...


 I owe $1600.00 for 2006...IRS did not "catch" it last year and i got my full refund...?
they now know and i was wondering if they will just subtract it from my refund this year or will it hold up my refund altogether???
Additional Details
i actually want them to take what ...


 What do you think about Inheritance Tax?
You pay tax all your life and when you die, they tax you again!...


 If you FOUND OUT about the FEDERAL RESERVE and the INCOME TAX were illegal, would you stand up against it?
And if your local mayor said he checked into it and said there's no requirement in the tax code--it's a voluntary tax.

And your whole town wasn't going to file.

W...


 \\How much is 2,000.000.00 pounds in United States Currency ?
How much is 2,000.000.00 Pounds in United States currency?...


 Can my boyfriend claim me and my 2 kids on taxes if I did not work all year?
He has taken responsibility for the three of us for the past year while I have been in school. I keep hearing different things but need to know for sure. Thanks!...


 How much do you usually get back on your tax returns for having a child?
let me know asap please!! thanks a lot!...


 What are the taxes on an item of $119.78 ?

Additional Details
i live in ...


 The day i get my tax credits falls on xmas day does anyone no wether i will get then early or late in my bank?
just hoping might go in bank early so can get more pressies...... ...


 Im a single mom and have one child. I thought we would get $600 + $300 for ea. child. I only got $600?
...


 Why such high tax?
About 80% of the average income is spent on bills. Britain is part of Europe so why are we not taxed the same as Europe?
Then there are all the other scams like the conjestion charge and council ...


 Scared to call council?
i owe council tax months ago i called council a few times to try and explain why i couldnt pay it, offered to pay monthly but female staff were so bitchy & hung up on me they refused to give me ...


 Is the gov. $600 rebate check taxable income?
So, I have no debt and I already invest in my company IRA and a Roth IRA each year. But I rarely have enough $ to go on vacation.
I am thinking that if I take my $600 rebate check and can ...


 Disability Living Allowance / Mobility - working UK only?
Does anyone know if you can claim for DLA / Mobility when you are working.

I really struggle with 3 ruptured discs in my back but still fight through the pain and tears to continue working....


 How does taxation destroy jobs?
The following passage is from the book, Economics In One Lesson. I do not understand how taxation destroys jobs. Is it because the money that is taxed would have otherwise gone towards the purchase ...


 Do you think Donald Trump was right to endorse Sen. McCain because Sen. Obama would raise taxes?
He stated that normally when they raise taxes they are really going t raise every ones and that at this time the economy is weak and fragile and might be pushed into a depression. You can see it on G...


 Has anyone got their tax rebates yet?
So i have read a lot of these questions so i woul like to clear up a few things. For the person who thought they would be slick and do math of % for 130 million. your math is wrong!!! 130 million is ...



Rachael
Can my parents claim me on their tax return?
                     
 




sunshine_today
Rating
how old are you? Do you live with them? Are they paying the majority of your expenses, then yes they can.


*~ riddles ~*
you need to add more infor for anyone to be able to answer this correctly but more than likely the answer is probably yes.


kluvs2write
more info please!!!


lilrubberducky
Rating
They can claim you If you are 18 or younger, or if you are 18-21 and a full time student.


DORY
Not enough info!


Cindy B
If you are 18 or under, if you are a full time student (18-24) and if you have lived in their house at least 6 months out of the year


Judy1
Rating
If you are under 19, or under 24 and a full-time student, or totally and permanently disabled, then they can claim you if you live with them for more than half the year, and you didn't provide more than half of your own support. I'm assuming here that you're single and a US citizen or resident.


baby
well if you have lived in their house hold for at least 6 months of the year and your not filing your own taxes, yes they can.
call a tax person you didnt really give alot of detail in your question so i don't know the situation. sorry have a good day!!!!


waggy_33
Rating
If you are 19 or under they would have to claim you. If you are under age 23 and a full time student they would also have to claim you. It is possible for them to give up claiming you under these circumstances in order to allow you to claim educational tax credits. Even if they give up your exemption under these circumstances you still may not claim yourself.
If the above does not apply then if you have more than $3,300 of income you must claim yourself they would not be allowed. When I say the above does not apply I mean that you are over age 19 and not a full time student.


dymps
Yes, if they feel you are dependent upon them in which case you can't file as an independent individual.

You can't file if they have already claimed you as one of their dependents. In order for you to file on your own, you must be able to produce a w2 form, as well as show proof that you live on your own. Example, Rent stubs, utility bill stubbs.


j-man
Are you under 18? If so, then yes, they can claim you.
Did they provide at least half of your support? If so, then they get to claim you

Even if you are a student, even if you live on your own, or even if you are filing your own tax return, they still get to claim you if they provided at least half of your support.


fuellover2002
Rating
they can if yo meet 2 requirements:

1. they are your relatives (you obviously meet this one)
2. you live in their household
3. you are their dependent and they contribute at least 2/3 of your income
4. you are a full-time student or are under 19

I seem to remember a few other rules too from my income tax class but those are the most common


Mahal
Rating
If you're living in their house and you're under the age of 19, yes.

If you have income and you're supporting yourself (including paying them rent and something for food), you can claim yourself because there is a "self-support" test for them to pass before they can claim you.

If they do end up claiming you, you can still get a partial deduction in addition. Look at the back of 1040ez to see if the worksheet gives you anything. (Of course, you have to have income of your own for this to be any use to you.)


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.024
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy