Income Tax Blog

Income Tax Blog - Let's Talk About Your Taxes!



Homebuyers Tax Credit says:

Claiming Your Homebuyers Tax Credit On Your Taxes

Here is how to claim your homebuyers tax credit on your 2010 income tax return.

You have to fill out IRS Form 5405 to determine your credit amount.

Then, you should claim that total on line 67 of the 1040 income tax form for 2009 returns,

If you are filing your 2008 returns, you can claim your tax credit on line 69.

 


2009 Income Tax says:

2009 Personal Tax Exemption Increases

The personal tax exemption amount will increase $150 to $3, 650.

 


2009 Income Tax says:

2009 Income Tax Standard Deduction Increases

The income tax standard deduction for married filling jointly is expected to increase to $11, 400 from $10, 900, a $500 increase.

Singles and those married filling their income tax separately will get a standard deduction of $5, 700, a $250 increase from $5, 450 in 2008.

 


CHARLES says:

INCOME TAX TIP

YOU DO NOT QUALIFY FOR EARNED INCOME TAX CREDIT EVEN IF YOU HAVE CHILDREN IF YOUR INCOME ARE ONLY FROM THE FOLLOWING SOURCES:

UNEMPLOYMENT

SOCIAL SECURITY

DISABILITY

INTERESTS OR INVESTMENT

THESE ARE NOT CONSIDERED EARNED INCOME.

 


CHARLES says:

INCOME TAX

MAKING WORK PAY CREDIT $400, SINGLE $800 IF MARRIED FILING JOINT.

IF YOU RECEIVED SOCIAL SECURITY BENEFITS LAST YEAR YOU MAY HAVE ALREADY RECEIVED PART OF THE CREDIT WHICH IS $250 SINGLE, $500 IF FILING JOINT.

THEREFORE YOU'LL ONLY BE ELIGIBLE FOR THIS YEAR 2009 TAX RETURN $150 SINGLE, AND $300 IF FILING JOINTLY.

 


Woody says:

STIMULUS And Your Income Tax Return

I heard the some of the taxes filed this year are being returned by the IRS because some people are not eligible for some Stimulus related tax credit.

There's something about Married couples who qualify for a additional Tax credit

Do you know anything about that?

Please share it with us.

 


Woody says:

Final Deadline To File Corporate Tax Return 1120X

March 15, 2010 is also the FINAL deadline to file an amended corporate tax return (Form 1120X) for tax year 2006 and still claim a tax refund.

 


Woody says:

Corporate Tax Deadline Is March 15th

The Deadline for corporate tax returns (Forms 1120, 1120A, and 1120S) is on March 15th 2010.

It's a good thing I called my acocuntant today...

If you are not ready to file the corporate income tax, don't panic.

you can request an automatic 6-month extension of time by filing Form 7004.

 


damebochie says:

RE: The Haiti Aid Tax Bill

I am so glad people here in the US will be able to deduct their donations to Haiti; because despite their bad economy most of them have donate something to us. May God bless this country and help them rebuild their economy.

 


Erzulie La Flambeau says:

Internal Revenue Service

Gifts to Charity : If you made a Gift, got a benefit for it.In Haiti Aid Tax Bill
how much Benefit will you Get ?

 


Showing 11 - 20 of 56 Messages

 

We can deliver the latest topics being discussed here to you in real time via:
Add to Google   Add to my Yahoo!   Add to my AOL   Add to Bloglines   Click this RSS feed, add it to your site or favorite RSS Reader
Add us to your site or your favorite RSS Reader today!

Income Tax Help?

RECENTS BLOG POSTS

INCOME TAX TIPS

INCOME TAX FORMS

INCOME TAX FORMS

HOTTEST TOPICS

OTHER DISCUSSIONS

Copyright © 2010 www.taxrecipes.com