From the category archives:

individual

H&R Block to Offer Free Tax Advice

20 March 2010

H&R Block is offering 24-hours of free tax advice on Thursday, March 25. More than 50 tax experts will answer personalized tax questions via the H&R Block Tax Talk Line from 12:01 a.m. CT through 11:59 p.m. CT. Taxpayers can call 1-866-HRBLOCK or e-mail taxtalk@hrblock.com for free advice. Questions can also be submitted [...]

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Help! I Don’t Know How to Get Organized!

20 March 2010

One of the most common type of questions that I get at taxgirl.com is how to get organized at tax time. Questions range from “What kind of documents do I need?” to “What information do I need to give my tax preparer?”
To help you get started, I’ve prepared a quick checklist. You can download [...]

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Did You Receive Your Economic Recovery Payment?

19 March 2010

I’ve received a lot of inquiries related to the Making Work Pay Credit and the Economic Recovery Payment. You cannot receive the maximum credit for both. If you are disabled or retired and received the Economic Recovery Payment, you must report it on your Schedule M when claiming the Making Work Pay Credit. [...]

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Ask the taxgirl: Legally Separated

17 March 2010

Taxpayer asks:
Hi There,
I am totally confused as to how we should file our taxes. By December 31st 2009 my husband and I had paperwork in the court in California that specifically states we are separated, a division of property and finances and an order for him to pay alimony. We have never lived together as [...]

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Ask the taxgirl: Valuing Your Services for Charity

16 March 2010

Taxpayer asks:
Hi, I read your blog entry that explains that service time donated to a charity is not deductible. What if there is an actual assignable value of the service time to the charity? For example, I am donating my services as an auction item for a charity auction; if somebody buys it [...]

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Ask the taxgirl: Making Work Pay Credit (once more with feeling)

15 March 2010

Taxpayer asks:
Hello,
I appreciate reading your comments about this topic and hope that you can tolerate one more.
First, do I understand it correctly that married couple filing jointly can claim $800, even if only one of them earned an income?
Second, I’ve never heard about this credit so I went to the IRS site which says
http://www.irs.gov/newsroom/article/0,,id=205922,00.html
“For people [...]

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2008 is a Record-Breaking Tax Year

12 March 2010

But not necessarily in a good way. The Tax Foundation is reporting that two records were set in 2008: the highest numbers of non-payers and the highest earning non-payers. According to data recently released from IRS, nearly one in three taxpayers paid no taxes or received every dollar back which was withheld. [...]

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Ask the taxgirl: Energy Efficient Appliances

10 March 2010

Taxpayer asks:
Can you get money back for purchasing a washer and dryer in 2009 that has the energy star on it. Thanks for the info!!!!
Taxgirl says:

Unfortunately, no. What you’re probably thinking about are Home Energy Efficiency Improvement Tax Credits. Those credits were for the installation of specific products like energy-efficient windows, insulation, doors, [...]

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Ask the taxgirl: Are Economic Recovery Payments Taxable?

10 March 2010

Taxpayer asks:
Hi Tax Girl.
I on social security and am using Turbotax to file my taxes. I have not as yet found out where to put the $500 received by my wife and myself from the federal government in June of 2009. Is this taxed?

Taxgirl says:
It sounds like you’re talking about the Economic Recovery Payment(ERP). [...]

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Ask the taxgirl: Making Work Pay Credit for Married Couple

8 March 2010

Taxpayer asks:
If you are married and did not work, but your spouse earned $156,00, are you entitled to $800 credit or $400 for the working spouse?
Taxgirl says:
Your comma threw me – so I’ll answer it both ways.
If your spouse earned $15,600 and you file married jointly, you would be entitled to the $800 credit [...]

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