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 Can my employer tax cash?
So I worked for a day this week at my new job for five hours at $8/hr. Payday was yesterday and I got my pay in cash. My question is, can my employer remove tax from my pay if he's giving it to ...


 Unemployment Benefits?
I am moving out of state (from NJ to FL), and need to collect NJ unemployment benefits until I find employment in FL. I have worked continuously for the past 3 years with same employer. I am moving ...


 Can i claim the homebuyer credit if it is also an investment property?
I purchased a 4 plex that is also my first home purchase but not my husbands. While we were married he purchased a home but it is only under his name. We are still married but we have separate ...


 Does my step mom benefit financially (income taxes, social security, ect.) since she is married to my Dad?
This story is just to give you all an idea of why i am asking this question but if you don't want to read it just scroll all the way down to the question but you will be very interested in my ...


 What is the Making WOrk Pay Credit......?
how much salary can a person make and STILL obtain the MWP credit....


 State refunded me what I owed and paid with my amendment tax form.?
I found out I forgot to include my interests from my bank in my tax return 2009, so I paid what I owed to Federal and State using Amendment tax form 1040X before April 15th, 2010. Both Federal and S...


 Employer pays employee as contractor (no FICA). How will the IRS react?
I'm working for a sole proprietor. I don't meet any of the criteria for a contractor except that it's a short-term job (3 months), but the owner pays me as a contractor, using ...


 I need w-2 from 2004?
I am trying to get an unclaimed check from the state for a place I worked at in 2004. I need proof I worked there at that time and am trying to do that through the IRS but the automated system said I...


 When you move to another state in the middle of the year, what are your state tax liabilities?
Do you owe all your state taxes to the first state, the last state you moved to, or do you owe a proportional state tax amount to ea
Additional Details
each state. (Yahoo truncated my ...


 Can an EIN # be used anywhere or only a certain types of stores?
Also, does the EIN ever expire?...


 question about the "declared value" ?
Hi , I've recently ordered something to be shipped from china to israel , the shipper asked me to confirm in a declared value of USD 250 , what does this mean ? Does that mean i have to add USD25...


 List of states that charge sales tax on downloads?
Where can I find an Updated map or litst of all the states that charge sales tax on downloads eg. ebooks, music, clipart. Preferrably a gov website....


 I pay out $30K in taxes a year. If I have investment real estate and start a charity how much can I get back?
...


 registering my bussines on Ebay-will I lose my Tax credits?
Hi

I`m currently registered with I Revenue as a part-time self employed cleaner however after having my 3rd child recently I decided I no longer want to work away from home
My ideal ...


 important unemployment question.?
well this is the problem my boyfriend was fired from work because of misconduct of an accident that happen but the general manager told him that wouldn't show on his record that he would be ...


 What If I forgot to submit the IRS form by deadline?
I was an exchange student, and went to america only 4 months, and needed to mail the IRS from by deadline after I came back to my country ( maybe to claim that I do not need to pay tax?). However, I ...


 Is it legal to deny someone a copy of their tax return?
My boyfriends soon to be ex wife refuses to give him a copy of the joint tax return they filed for 2009. She did the return using one of the internet based tax software programs. He's asked her ...


 Who do I contact in regards to not receiving my tax refund yet?
...


 My Income is 5 Lakhs INR how much tax should i pay?
My Income is 5 Lakhs INR how much tax should i pay, I am talking about income ...


 I´m a US citizen, I´ve lived my entire life outside the US, what taxes do I need to pay?
I´m worried about any debts that I might have because I´ve never declared taxes from outside the US. Thanks for any help! the IRS site is alright but everything´s by phone, and I can´t call ...



Skittles are M & M wannabees
Dependent Care Account?
If I participate in the Dependent Care Account through my work (I have money taken from my check PRE-TAX for child care expenses), can I also claim the child care tax credit when I file my income taxes? If not, what is the benefit of doing one over the other?

THANKS! I've asked a tax-preparer, an accountant and a CPA and really haven't received a straight answer from any of them.
                     
 




StephenWeinstein
You cannot do both for the same expenses. You could do one for some expenses and the other for other expenses.

The benefit of one over the other is that one is more money and the other is less. Do the math to see how much you save with each, then do whichever saves more money.


tro
Rating
new program to me but if you are not being taxed on the child care you certainly cannot claim the credit on your return, that would be duplication
if you have more taken out than you pay for care, you are making out like a bandit


the tax lady
If you have two children, you could have $5000 withheld through work, paid $6000 for care, then you could claim the credit for the last $1000.

However, if there is anything shaky about your day care expenses, I would not max it out at work as you can't get a refund.


Tigg
Rating
No you cannot since the money to pay the care giver is NOT taxed. The entire amount in the account is tax free money versus a child care credit which is less then what you are saving by not paying taxes.


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