Posts tagged as:

children

I Kid You Not: Filing for Dependents

11 April 2011

The arrival of catalogues at my house have done quite a bit to up my daughter’s work ethic. She has it in her head to buy an American Girl doll, complete with accessories, and if you know anything about the brand, you know it’s not cheap. With that, she’s been offering to do all kinds [...]

5 comments Read the full article →

Ask the taxgirl: Tips and Income for Kids

5 February 2010

Taxpayer asks: My daughter worked as a bagger (bagged groceries) last year at our base commissary. The baggers do not receive a salary and work strickly for tips. I already checked with the “Head Bagger” at the commissary who said no type of 1099 will be sent. How do I go about claiming the monies [...]

4 comments Read the full article →

Hey Congress, Why Don’t You…? Eliminate Benefits for Having Kids

2 September 2009

David Smith writes: If I could make one change in the tax code, I would eliminate any benefits for having children. I chose to be single. I chose not to have children. I am appalled to see how much our tax system subsidizes having children. It is welfare, just put forth another way. I already [...]

15 comments Read the full article →

Ask the taxgirl: Kiddie Tax

20 June 2008

Taxpayer asks: My son wants to know when he’ll have to file for taxes, he started mowing lawns this summer and is getting paid $25 per yard. Taxgirl says: Wow, I feel old. I used to get paid $10/yard for biggish yards in the country. *sigh* Whether your son will have to file and pay [...]

0 comments Read the full article →

Fix the Tax Code Friday: Child Related Exemptions and Credits

9 May 2008

It’s the return of Fix the Tax Code Friday! Since there’s been some discussion on the blog lately about whether or not parents should receive tax “benefits” in the form of exemptions and credits, I thought I would make it the Fix the Tax Code Friday question: Should parents be entitled to exemptions and credits [...]

15 comments Read the full article →

9 Child-Related Tax Breaks That You May Be Overlooking

28 February 2008

In recent weeks, I’ve received a flurry of emails from parents asking about whether band uniforms, soccer cleats and other expenses related to children are deductible. I thought it might be useful to have a checklist of some child-related deductions that you may be overlooking. 1, Child tax credit. If your modified AGI (adjusted gross [...]

5 comments Read the full article →

Fix the Tax Code Friday: Cigarette Tax

19 October 2007

Today’s Fix the Tax Code Friday question is a reflection of the failed bill to fund insurance for children: Should smokers pay for the children’s health insurance bill with an increase in cigarette tax?

1 comment Read the full article →

Fund children’s insurance on the backs of smokers?

1 October 2007

Okay, don’t get me wrong. I think that providing universal health care options for children should be a priority in our country. However, shifting the burden to smokers to avoid what is essentially a political fight (the “who will pay for it” argument going on between the President and the Senate) is just a bit [...]

0 comments Read the full article →