After renewing my claim with these idiotic people i informed them that my husband is not currently working and is in the process of being self employed but not as of yet - I gave them his earnings to ...
I am a full-time student that works 35 hrs/wk. My fiancee and I pay for tuition and all living expenses. My parents still chose to claim me on their tax return. Will I see any type of stimulus check?<...
This was a very interesting article, it didn't change my mind but if I had any doubts about McCain it would have: http://online.wsj.com/ar
What are ...
he has been at this company for 8 yrs ,3 weeks ago his company changed from allclean services to allclean limited, and this week his p45 was in his pay packet, the reason he is being told is that he ...
I get to claim my children for earned income credit but their dad gets to claim one of them as a dependent! They both live with me full time so who gets the refund?...
I know that you do not have to file if you have no income, but CAN you? I ask this because I am separated from the person I have two children with. This person has not worked one day for the entire ...
Is it going to be based upon your income? I know I worked enough that i will probly receive one but I do not know how they are basing the rate.Is it 300$ across the board or 600$ for some and 300$ ...
I will be receiving a number of financial gifts over the next few years and am wondering if a gift given today (or in Feb/March?) would still be eligible for the 2006 tax year.
Theres a question on my tax return asking Are you claiming yourself as an exemption? Im not sure what this does if I claim it. Im not dependent on anyone so it says I can claim it but is this a bad ...
O4D
Why do people who have a child get a tax deduction for the same work that a person who is childless did?
They both may work at the same job and did the same amunt of work and recieved the same pay.
The rationale is that the raising of children is good for society - so must be supported by all, whether or not you have children. That is the reason too why the tax system pays for schools, not just the parents. Other people's children will be supporting you in your elderly years, right?
lemonyskillet
Maybe they are getting the same pay, but think of it this way: the one with the child is basically sharing her paycheck, so she's only using half of what she earned for herself. So, her taxes wouldn't be the same as if she didn't have the child.
Veganite
It costs more to provide food and shelter for a child. A person with a child is spending and using more $$.
mrfoxhorn
Because the tax laws say they can.
undo-me
They have more expenses, so in reality, their net profit is lower than a single person's is.
Good boy
Because if you have a child you spend more amount of money
rwerfelman
Any idea how expensive a child is? Just the health care costs they pay fro having that child is far greater than the tax deduction they receive. Now don't run out and have kids.
mia_bia82
Ask your parents and you'll find out
mominshoe
It cost to raise a child. They get breaks to help them with the expenses. You'll understand when you become a parent.
They are not clothed, fed, schooled for free.
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